(POPit = 1|Xit) is the probability Pr of observing populism
(POP) of a certain type...2015
Government Spending and Populism
0
20
40
60
T
A
P
In
de
x
30
32
34...
on the
right side of the equation (22), is a loss function of
Kydland-Prescott type...For example, South Korea’s
gross savings in 1995 accounted for...
