Showing 1 - 10 of 15
It is a typical case in the practice of reforms, when a reformer, who seeks to introduce an institution with desired properties, discovers that its immediate implementation is impossible because of resource, technological, cultural, political or institutional constraints. In this case, one has...
Persistent link: https://www.econbiz.de/10011260534
The economic "battle" that took place in Russia in 1992 consisted of the struggle between the liberally-oriented government and the labor collectives, the latter of which regarded the government's reform program as an attempt to encroach upon the established system of collective property. The...
Persistent link: https://www.econbiz.de/10008633355
Ghana’s 2008 elections have been hailed by national and international observers as a model for Africa. This perception has prevailed despite persistent concerns about 'ethnic block voting' and electoral fraud. Electoral malpractice and vote rigging along ethnic lines in Ghana's virtual...
Persistent link: https://www.econbiz.de/10005039979
An attempt is made to define main problems of the privatization theory and to present a survey of some results in this area. Two models are discussed that demonstrate paradoxical consequences of property right restrictions and dynamics of property right redistribution which entails a...
Persistent link: https://www.econbiz.de/10008545964
We suggest a dynamic game theoretic model to explain why resource abundance may lead to instability of democracy. Stationary Markov perfect equilibria of this game with four players – Politician, Oligarch, Autocrat and Public (voters) – are analyzed. Choosing a rate of resource rent tax,...
Persistent link: https://www.econbiz.de/10008552816
We analyze data on sustainability of democratic regimes in resource rich countries and suggest a two-period model to explain why resource abundance may lead to instability of democracy in some countries, but does not create any difficulties for democratic system in other ones. Our central idea...
Persistent link: https://www.econbiz.de/10008498489
This is the second part of the work on how economic policy of a developing country should change as it approaches the level of developed economies in terms of welfare (GDP per capita) and the quality of institutions. We focus on the impact of several policies to promote the catch up development:...
Persistent link: https://www.econbiz.de/10008470454
There exists a longstanding discussion of the role of the informal economy in the development process of Third World countries, notably in Africa. Much of the controversy was concerned with the question whether the informal sector promotes development or should rather be considered as a barrier...
Persistent link: https://www.econbiz.de/10005616886
Recent development cooperation with Guinea-Bissau, focussing on good governance, state-building and conflict prevention, did not contribute to democratization nor to the stabilization of volatile political, military and economic structures. Both the portrayal of Guinea-Bissau as failed ‘narco...
Persistent link: https://www.econbiz.de/10008602771
In our previous papers (Polterovich V., Popov V., 2007; Polterovich V., Popov V., Tonis A., 2006) it was shown that democratization (increase in the political rights index of the Freedom house in 1970-2000) can negatively affect economic growth, if the quality of institutions at the beginning of the...
Persistent link: https://www.econbiz.de/10008764698