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We summarize Francis Fukuyama’s State Building: Governance and World Order in the Twenty-first Century (London, Profile Books, 2005)and explore the limits of its arguments. State Building is a book with a very wide scope that essentially tries to “ground” and expand the fields of political...
Persistent link: https://www.econbiz.de/10005623418
-party democracy—these are the obvious first steps for a procedural democracy . They will extinguish the immediate fire, but do not …
Persistent link: https://www.econbiz.de/10011240425
James Scott has written a detailed ethnography on the lives of the peoples of upland Southeast Asia who choose to escape oppressive government by living at the edge of their civilization. To the political economist the fascinating story told by Scott provides useful narratives in need of...
Persistent link: https://www.econbiz.de/10009223358
James Scott has written a detailed ethnography on the lives of the peoples of upland Southeast Asia who choose to escape oppressive government by living at the edge of their civilization. To the political economist the fascinating story told by Scott provides useful narratives in need of...
Persistent link: https://www.econbiz.de/10009283799
This paper presents an agency theory of revolutionary political transitions from autocracy to democracy. We model … under the threat of revolution, (ii) information shocks can catalyze democratic revolutions that may be contagious among … similar countries, and (iii) democracy can be consolidated following a political transition. …
Persistent link: https://www.econbiz.de/10011112746
of democracy and institutions develop, in particular property rights, that foster economic development. We analyze this … for Bronze Age and Archaic Greece, as being the historical case where such a macroculture favorable to democracy and … proto-democratic values leading to the establishment of democracy as a political phenomenon in Classical Greece. …
Persistent link: https://www.econbiz.de/10011257718
sources on both democracy and inequality. When we substitute more commonly-used and higher-quality data sources for democracy …
Persistent link: https://www.econbiz.de/10008642712
We present and test empirically a new theory of property and contract rights. Any incentive an autocrat has to respect such rights comes from his interest in future tax collections and national income and increases with his planning horizon. We find a compelling empirical relationship between...
Persistent link: https://www.econbiz.de/10008685583
We investigate the possible interaction effects that the extent of property rights protection and separation of powers in a political system have on economic growth. Using analysis of panel data from more than countries over the period 1970-2010 we find that the growth effects of property rights...
Persistent link: https://www.econbiz.de/10011112508
The role of institutions in promoting economic growth and development has generated considerable interest among researchers and practitioners in recent years. This paper explores the role of state institutions in promoting growth using a GMM econometric model. Specifically it attempted to test...
Persistent link: https://www.econbiz.de/10008567678