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This paper presents an agency theory of revolutionary political transitions from autocracy to democracy. We model authoritarian economic policy as the equilibrium outcome of a repeated game between an elite ruling class and a disenfranchised working class, in which workers have imperfect...
Persistent link: https://www.econbiz.de/10011112746
The Long-Wave theories of Nikolai Kondratiev and others claim to find mathematic waves in economic and other social data which are at present in dispute. Currently the theory is considered outside the scope of mainstream economics under several rationales. Despite the lack of mainstream...
Persistent link: https://www.econbiz.de/10009283805
Tunisia within a multivariate framework. In the empirical section we use data span from 1976 to 2013 and we perform a vector … Tunisia economic growth in the short-run and the long run as well. Corruption could be the main reason of the slowdown of … “revolution” are from being achieved yet. Hence, more works are needed to fight corruption in Tunisia. …
Persistent link: https://www.econbiz.de/10011265905
This exploratory paper estimates the effects on well-being of two very important institutional symbols of 59 countries in 2007: national flags and constitutions. The results indicate that well-being responds positively to investment in material things as well as the existence of flags. However,...
Persistent link: https://www.econbiz.de/10005835577
Coming from standard economic growth theory and empirical evidences, we concentrated on the convergence process as a result of structural changes in economy. We investigate the differences among countries in EU in terms of the share in total economy of main sectors. Then, based on the spatial...
Persistent link: https://www.econbiz.de/10009132737
Do food prices cause political unrest? Throughout history, riots appear to have frequently broken out as a consequence of high food prices. This paper studies the impact of food prices on political unrest using monthly data on food prices at the international level. Because food prices and...
Persistent link: https://www.econbiz.de/10009148034
Institutions are usually defined as rules of the game. But if rules are dead letters without being enforced, then what is the role of destructive power in the genesis of institutions? This is the first question which will be addressed in the present paper. While the importance of incremental or...
Persistent link: https://www.econbiz.de/10005619541
No doubt that the revolutions of the Arab Spring in Tunisia, Egypt, Libya, Yemen and Syria affect macroeconomic …
Persistent link: https://www.econbiz.de/10011111600
The waves of the Arab Spring in Tunisia, Egypt, Libya, Yemen and Syria, and any other country that may follow, is …
Persistent link: https://www.econbiz.de/10011112120
This article assumes that within the next five years or so the bulk of the Islamic world will get rid of their dictators and aims to propose a blue print of governance for the newly emerging democracies.
Persistent link: https://www.econbiz.de/10009403455