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The upper-income, advanced industrial countries of the world today all have market economies with open competition, competitive multi-party democratic political systems, and a secure government monopoly over violence. Such open access orders, however, are not the only norm and equilibrium type...
Persistent link: https://www.econbiz.de/10010521550
Previous studies have argued that democracy diminishes the extent to which contests over political leadership depress economic growth, by reducing the violence and uncertainty attendant on such contests. We reconsider the theoretical basis for this claim, highlighting the separate roles of...
Persistent link: https://www.econbiz.de/10013021117
Why do developing countries fail to adopt the institutions and policies that promote development? Our answer is the violence trap. Key political reforms — opening access and reducing rents — are typically feasible only when the domestic economy reaches a given level of complexity (for...
Persistent link: https://www.econbiz.de/10013034520
The upper-income, advanced industrial countries of the world today all have market economies with open competition, competitive multi-party democratic political systems, and a secure government monopoly over violence. Such open access orders, however, are not the only norm and equilibrium type...
Persistent link: https://www.econbiz.de/10012747602
Persistent link: https://www.econbiz.de/10012152933
The upper-income, advanced industrial countries of the world today all have market economies with open competition, competitive multi-party democratic political systems, and a secure government monopoly over violence. Such open access orders, however, are not the only norm and equilibrium type...
Persistent link: https://www.econbiz.de/10012552804