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One of the key goals of political economy is to understand how institutional arrangements shape policy outcomes. This paper studies a comparatively neglected aspect of this - the forces that shape heterogeneous performance of autocracies. The paper develops a simple theoretical model of...
Persistent link: https://www.econbiz.de/10005136611
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 … difficult than altering economic institutions, the model leads to a pattern of captured democracy, whereby a democratic regime …
Persistent link: https://www.econbiz.de/10005114453
unrest or revolution, and this may force the elite to democratize. Democracy may not consolidate because it is more … redistributive than a nondemocratic regime, and this gives the elite an incentive to mount a coup. Because inequality makes democracy … more costly for the elite, highly unequal societies are less likely to consolidate democracy and may end up oscillating …
Persistent link: https://www.econbiz.de/10005661707
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Can infrastructure investment win "hearts and minds"? We analyze a famous case in the early stages of dictatorship …
Persistent link: https://www.econbiz.de/10010360304
Many, if not most, personalistic dictatorships end up with a disastrous decision such as Hitler's attack on the Soviet Union, Hirohito's government launching a war against the United States, or Putin's invasion of Ukraine in February 2022. Even if the decision is not ultimately fatal for the...
Persistent link: https://www.econbiz.de/10014250204
The possibility of treason by a close associate has been a nightmare of most dictators throughout history. Better informed viziers are also better able to discriminate among potential plotters, and this makes them more risky subordinates for the dictator. To avoid this, dictators – especially...
Persistent link: https://www.econbiz.de/10005123685
defence, dictatorship, and warfare. They address defining events and institutions of the world in the twentieth century …
Persistent link: https://www.econbiz.de/10011156356