Guimaraes, Bernardo; CAMPANTE, FILIPE R.; DO, Quoc-Anh - Escola de Economia de São Paulo (EESP), Fundação … - 2013
Motivated by a novel stylized fact { countries with isolated capital cities display worse quality of governance { we provide a framework of endogenous institutional choice based on the idea that elites are constrained by the threat of rebellion, and that this threat is rendered less e ective by...