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government deficits
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How lawyers increase government deficits, trade deficits and current account deficits: theory and cross-national evidence
Changkyu Choi • Stephen P. Magee
Volume 06 Issue 1 · 03 Apr 2018
We find that rent seeking as measured by lawyers significantly increases country trade deficits, country current account deficits and government budget deficits. Rent seeking thus increases the international borrowing o…