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non-democracy to democracy, alters the distribution of de jure political power, but the elite can intensify their … the elite in democracy or for costs of changing economic institutions, the equilibrium takes the form of a Markov regime …We construct a model of simultaneous change and persistence in institutions. The model consists of landowning elites …
Persistent link: https://www.econbiz.de/10005114453
selectorate in specific instances of successful autocracy. We also show that, consistent with the theory, leadership turnover in … is not too dependent on a specific leader being in office. The paper looks empirically at spells of autocracy to …
Persistent link: https://www.econbiz.de/10005136611
China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper analyses China’s institution - a regionally...
Persistent link: https://www.econbiz.de/10008468688
Did living standards stagnate before the Industrial Revolution? Traditional real-wage indices typically show broadly constant living standards before 1800. In this paper, we show that living standards rose substantially, but surreptitiously because of the growing availability of new goods....
Persistent link: https://www.econbiz.de/10004973974
democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical … framework provides evidence for significant but heterogeneous effects of income on democracy for former colonies and non …
Persistent link: https://www.econbiz.de/10011083424
equal. The theory focuses on the economic incentives that led landowners to resist growth enhancing educational expenditure …
Persistent link: https://www.econbiz.de/10005792428
. The prediction of the theory regarding the adverse effect of the concentration of land ownership on education expenditure …
Persistent link: https://www.econbiz.de/10005124357
the process of development. A simple general equilibrium model of rent-seeking political elites with two productive … entry into politics and how the size of the elite affects the level of distortions. The model also highlights the role …
Persistent link: https://www.econbiz.de/10005124016
We propose and investigate a new channel through which the resource curse - a stylized fact that countries rich in natural resources grow slower - operates. Predatory governments are more likely to expropriate corporate profits in natural-resource industries when the price of resources is...
Persistent link: https://www.econbiz.de/10005504390
not driven by knowledge or experience. Several pieces of evidence suggest that locals cater to low-level provincial elites …
Persistent link: https://www.econbiz.de/10011165652