Cardenas, Mauricio - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2010)
"State capacity is exceptionally low in Latin America, even when compared to other former colonies. This paper analyzes …-building in models where the accumulation of state capacity is analogous to investment under uncertainty. These analytical … predictions are then tested with cross-country data, paying special attention to Latin America. Democracy´s impact on state …