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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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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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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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State Capacity, Conflict and Development
Besley, Timothy J. - 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 Rise and Decline of General Laws of Capitalism
Acemoglu, Daron; Robinson, James A. - 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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The Right Amount of Trust
Butler, Jeffrey V. - 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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African Poverty is Falling...Much Faster than You Think!
Sala-i-Martin, Xavier - 2013
The conventional wisdom that Africa is not reducing poverty is wrong. Using the methodology of Pinkovskiy and Sala-i-Martin (2009), we estimate income distributions, poverty rates, and inequality and welfare indices for African countries for the period 1970-2006. We show that: (1) African...
Persistent link: https://www.econbiz.de/10013095077
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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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The Monetary and Fiscal History of Bolivia, 1960–2017
Kehoe, Timothy J. - 2019
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained growth. Indeed, it achieved unprecedented growth from 1960 to 1977. The rapid accumulation of debt due to persistent deficits and a fixed exchange rate policy during the 1970s...
Persistent link: https://www.econbiz.de/10012892582