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Research ArticleOpen accessIn the keywordsApplication of Theories of Complexity and Chaos to Economic MisgovernancePartha Gangopadhyay, Nasser Elkanj, Mustafa A. RahmanProblem statement: In this study we develop a comprehensive model involving local taxes, intergovernmental transfers and bureaucratic corruption to characterize a fiscal equilibrium in order to explain the provision of local (public) expenditure in developing nations. The main goal of the research is to explain economic misgovernance as an equilibrium phenomenon, which is therefore expected to persist over time despite … …Journal of Mathematics and Statistics, Vol. 7, Issue 3 · 27 Jul 2011 · 7,375 accessesView PDFCite