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Race v. Suffrage: The Determinants of Development in Mississippi

Bertocchi, Graziella; Dimico, Arcangelo - C.E.P.R. Discussion Papers - 2011

1950s. Finally, we turn to the determinants of a broad array of development indicators for the year 1960 and for the 1960 …

Persistent link: https://www.econbiz.de/10009321839

Inequality, Development, and the Stability of Democracy -Lipset and Three Critical Junctures in German History

Jung, Florian; Sunde, Uwe - C.E.P.R. Discussion Papers - 2011

distributed unequally and institutions do not ensure political commitments. The results imply that for any level of development … resources for which democracy is infeasible in equilibrium irrespective of the level of development. The model also delivers …

Persistent link: https://www.econbiz.de/10009493564

Watchdog or Lapdog? Media and the U.S. Government

Qian, Nancy; Yangagizawa, David - C.E.P.R. Discussion Papers - 2010

Abstract This paper investigates the extent to which strategic objectives of the U.S. government influenced news coverage during the Cold War. We establish two relationships: 1) strategic objectives of the U.S. government cause the State Department to under-report human rights violations of...

Persistent link: https://www.econbiz.de/10008468546

Civic Capital as the Missing Link

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2010

This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...

Persistent link: https://www.econbiz.de/10008468690

The Rise and Fall of Elites: A Theory of Economic Development and Social Polarization in Rent-seeking Societies

Verdier, Thierry - C.E.P.R. Discussion Papers - 1996

the process of development. A simple general equilibrium model of rent-seeking political elites with two productive …

Persistent link: https://www.econbiz.de/10005124016

Transition Dynamics and Trade Policy Reform in Developing Countries

Francois, Joseph; Nordström, Håkan; Shiells, Clinton R. - C.E.P.R. Discussion Papers - 1996

This paper emphasizes the relevance of classical transition dynamics for trade policy, particularly for developing countries. The empirical evidence from cross-country growth regressions points to important transitional growth effects related to trade policy reforms. The paper employs a simple...

Persistent link: https://www.econbiz.de/10005124093

Economic Backwardness in Political Perspective

Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 2002

We construct a simple model where political elites may block technological and institutional development, because of a … replaced. Fearing replacement, political elites are unwilling to initiate change, and may even block economic development. We … show that elites are unlikely to block development when there is a high degree of political competition, or when they are …

Persistent link: https://www.econbiz.de/10005124137

Property Rights, Corruption and the Allocation of Talent: A General Equilibrium Approach

Acemoglu, Daron; Verdier, Thierry - C.E.P.R. Discussion Papers - 1996

We consider an economy where property rights are necessary to ensure sufficient rewards to ex-ante investments. Because enforcement of property rights influences the ex-post distribution of rents, there is room for corruption. We characterize the optimal organization of society and the optimal...

Persistent link: https://www.econbiz.de/10005124188

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