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Political Selection and Persistence of Bad Governments

Acemoglu, Daron - 2010

We study dynamic selection of governments under different political institutions, with a special focus on institutional "flexibility". A government consists of a subset of the individuals in the society. The competence level of the government in office determines collective utilities (e.g., by...

Persistent link: https://www.econbiz.de/10013151384

The Rise and Decline of General Laws of Capitalism

Acemoglu, Daron; Robinson, James A. - 2014

, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …

Persistent link: https://www.econbiz.de/10013039764

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James A.; Verdier, Thierry - 2012

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others … will free- ride on the cutthroat incentives of the leaders and choose a more "cuddly" form of capitalism. Paradoxically … equilibrium, it is not a best response for the cutthroat capitalists to switch to a more cuddly form of capitalism. We also show …

Persistent link: https://www.econbiz.de/10013099537

Carrots, Sticks and Broken Windows

Corman, Hope; Mocan, Naci H. - 2021

This paper investigates the impact of economics conditions (carrots) and sanctions (sticks) on murder, assault, robbery, burglary and motor vehicle theft in New York City, using monthly time-series data spanning 1974-1999. Carrots are measured by the unemployment rate and the real minimum wage;...

Persistent link: https://www.econbiz.de/10013235267

Economic Conditions, Deterrence and Juvenile Crime : Evidence from Micro Data

Mocan, Naci H.; Rees, Daniel I. - 2021

This is the first paper to test the economic model of crime for juveniles using micro data. It uses a nationally representative sample of 16,478 high school children surveyed in 1995. The sample includes not only detailed information on offenses, but also data on personal, family and...

Persistent link: https://www.econbiz.de/10013236804

When Does Policy Reform Work? the Case of Central Bank Independence

Acemoglu, Daron; Johnson, Simon; Querubín Borrero, Pablo; … - 2008

We argue that the question of whether and when policy reform works should be investigated together with the political economy factors responsible for distortionary policies in the first place. These not only determine the initial distortions, but also often shape policy in the post-reform...

Persistent link: https://www.econbiz.de/10012771805

Political Economy in a Changing World

Acemoglu, Daron - 2013

We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization, extension of political rights or repression of different groups), and how these dynamics interact with (anticipated and unanticipated) changes in the distribution of political power...

Persistent link: https://www.econbiz.de/10013080197

Emergence and Persistence of Inefficient States

Acemoglu, Daron - 2006

Inefficiencies in the bureaucratic organization of the state are often viewed as important factors in retarding economic development. Why certain societies choose or end up with such inefficient organizations has received very little attention, however. In this paper, we present a simple theory...

Persistent link: https://www.econbiz.de/10012778981

The Emergence of Weak, Despotic and Inclusive States

Acemoglu, Daron - 2017

Societies under similar geographic and economic conditions and subject to similar external influences nonetheless develop very different types of states. At one extreme are weak states with little capacity and ability to regulate economic or social relations. At the other are despotic states...

Persistent link: https://www.econbiz.de/10012950052

Social Structure and Development : A Legacy of the Holocaust in Russia

Acemoglu, Daron; Hassan, Tarek A.; Robinson, James A. - 2010

We document a statistical association between the severity of the persecution and mass murder of Jews (the Holocaust) by the Nazis during World War II and long-run economic and political outcomes within Russia. Cities that experienced the Holocaust most intensely have grown less, and cities as...

Persistent link: https://www.econbiz.de/10013142282