This paper examines aspects of speed and sequencing of restructuring and privatization in economies in transition. It … is argued that because of political constraints, restructuring is more likely to be gradual. Because of the political … constraints on restructuring, a very fast and non-differentiated approach to privatization may lead to renationalization and …

macroeconomic questions such as business cycles, growth, and policy. Particular attention is given to the ability of the model to …

distribution and growth, as well as the relevant empirical evidence. The first model integrates the political-economy and imperfect … capital markets theories. It allows for departures from perfect democracy and embodies the trade-off between the growth costs … savings incentives and ameliorate the wealth constraints that impede investment by the poor. The second model is a growth …

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 …

accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so …

and economic growth. Individuals (who differ in abilities) live for two periods, working when young and owning capital … lower pollution tax, a larger capital tax, and lower growth. …

education. Public education is favourable for growth because it increases the level of human capital and at the same time it …. The main results are that for a given structure of political rights, more inequality may be good for growth if it implies … more political support for education; increased political rights are good for growth and also imply a more equal income …