, political decisions are likely to produce economic policies that allow private individuals to appropriate less of the returns to … theoretical model that formally captures this idea. The model has a politico-economic equilibrium, which determines a sequence of … growth rates depending on structural parameters, political institutions and initial conditions. We then confront the model …

income growth, wealth inequality and political participation. We predict that developing countries will tend to overinvest in … and general education, with a superior social status attached to general. The resulting dynamic political equilibrium is …, displaying an inverted U-shape which reflects the complex interaction between economic and political forces, including aggregate …

that shape infrastructure policy. Our empirical findings on a panel of France's regions over 1985-91 suggest that influence … accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so …

France's post-war growth has gone through four phases. The strong growth performance of the 1950s was helped by a … the return of the franc to convertibility, both in 1958, and then in the 1980s, France still appears to be struggling and …

This paper exploits cross-country variation in the degree of geographical isolation, prior to the advent of sea … effect on the process of development and contributed to the contemporary variation in the standard of living across countries. …

capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the …