individuals pursuing their own interests while they remain in power. We model growth in a 'proprietary economy" facing each period … growth or shrink,9,ge. With low initial domestic capital the proprietor plunders the country's resources and the economy …

We model growth in dictatorships facing each period an endogenous probability of ``political catastrophe'' that would … extinguish the regime's wealth extraction ability. Domestic capital exhibits a bifurcation point determining economic growth or …