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The Origins of State Capacity: Property Rights, Taxation, and Politics

Besley, Timothy J.; Persson, Torsten - C.E.P.R. Discussion Papers - 2007

Economists generally assume the existence of sufficient institutions to sustain a market economy and tax the citizens. However, this starting point cannot easily be taken for granted in many states, neither in history nor in the developing world of today. This paper develops a framework where...

Persistent link: https://www.econbiz.de/10005662311

Setting Standards: Information Accumulation in Development

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1997

This paper proposes a model in which economic relations and institutions in advanced and less-developed economies differ as these societies have access to different amounts of information. This lack of information makes it hard to give the right incentives to managers and entrepreneurs. We argue...

Persistent link: https://www.econbiz.de/10005667121

Was Prometheus Unbound by Chance? Risk, Diversification and Growth

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1996

This paper offers a theory of development which links the degree of market incompleteness to capital accumulation and … growth. At early stages of development, the presence of indivisible projects limits the degree of risk … inability to diversify idiosyncratic risks introduces high uncertainty in the growth process. The typical development pattern …

Persistent link: https://www.econbiz.de/10005124312

Agency Costs in the Process of Development

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1996

early stages of development, the range of projects and the amount of information are limited and agency costs are high … investigation of the development of financial institutions. We contrast the information aggregation role of stock markets and … information production role of banks. Because the amount of available information increases with development, our model predicts …

Persistent link: https://www.econbiz.de/10005136536

Making Autocracy Work

Besley, Timothy J.; Kudamatsu, Masayuki - C.E.P.R. Discussion Papers - 2007

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

State Capacity, Conflict and Development

Besley, Timothy J.; Persson, Torsten - C.E.P.R. Discussion Papers - 2009

? What relations should we expect between resource rents, civil wars and economic development? The paper is organized into …

Persistent link: https://www.econbiz.de/10005036244

Fragile States and Development Policy

Besley, Timothy J.; Persson, Torsten - C.E.P.R. Discussion Papers - 2011

It is widely recognized that fragile states are key symptoms of under-development in many parts of the world. Such …, mainstream development economics has not dealt in any systematic way with such concerns and the implications for development … assistance. This paper puts forward a framework for analyzing fragile states and applies it to a variety of development policies …

Persistent link: https://www.econbiz.de/10008865974

Productivity Differences

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2000

Many technologies used by the LDCs are developed in the OECD economies and are designed to make optimal use of the skills of these richer countries' workforces. Differences in the supply of skills create a mismatch between the requirements of these technologies and the skills of LDC workers, and...

Persistent link: https://www.econbiz.de/10005114308