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The Emergence of Weak, Despotic and Inclusive States
Acemoglu, Daron - 2017
) and civil society (representing non-elite citizens), where both players can invest to increase their power. The model …
Persistent link: https://www.econbiz.de/10012950052
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Emergence and Persistence of Inefficient States
Acemoglu, Daron - 2006
society consists of rich and poor individuals. The rich are initially in power, but expect to transition to democracy, which … rents for bureaucrats than would an efficient state structure. When the poor come to power in democracy, they will reform …
Persistent link: https://www.econbiz.de/10012778981
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Political Economy in a Changing World
Acemoglu, Daron - 2013
unanticipated) changes in the distribution of political power and in economic structure. We focus on the Markov Voting Equilibria …, which require that economic and political changes should take place if there exists a subset of players with the power to … institutions as well as individual types can be ordered, and preferences and the distribution of political power satisfy natural …
Persistent link: https://www.econbiz.de/10013080197
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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron; Robinson, James Alan - 2014
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013039764
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State Capacity, Conflict and Development
Besley, Timothy - 2010
We report on an on-going project, which asks a number of questions relevant to the study of state capacity. What are the main economic and political determinants of the state's capacity to raise revenue and support private markets? How do risks of violent conflict affect the incentives to invest...
Persistent link: https://www.econbiz.de/10013152438
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The Right Amount of Trust
Butler, Jeffrey - 2009
We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs. Our interpretation is that highly trusting individuals tend to assume too much social risk and to be cheated...
Persistent link: https://www.econbiz.de/10013156416
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Forty Years of Latin America'S Economic Development : From the Alliance for Progress to the Washington Consensus
Edwards, Sebastian - 2010
In this paper I analyze the evolution of economic and social conditions in Latin America from the 1950s through the 1980s, when deep external crises erupted in country after country. The point of departure of our story is the political awakening of the region in the late 1950s and early 1960s...
Persistent link: https://www.econbiz.de/10013151815
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New Tools for the Analysis of Political Power in Africa
Rainer, Ilia - 2012
The study of autocracies and weakly institutionalized countries is plagued by scarcity of information about the relative strength of different players within the political system. This paper presents novel data on the composition of government coalitions in a sample of fifteen post-colonial...
Persistent link: https://www.econbiz.de/10013100130
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How is Power Shared in Africa?
Francois, Patrick - 2012
This paper presents new evidence on the power sharing layout of national political elites in a panel of African … monolithically controlling power, we show that African ruling coalitions are large and that political power is allocated …
Persistent link: https://www.econbiz.de/10013100131
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Israel and the 1990-2015 Global Developments : Riding with the Global Flows and Weathering the Storms
Razin, Assaf - 2016
The global economy has been buffeted by several unprecedented economic events during the past 35 years. We survey the impact of these events on Israel's development, institutions, and economic policies. Israel had a remarkable development during this time, from a low income high-inflation...
Persistent link: https://www.econbiz.de/10012984097