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Resource Windfalls, Political Regimes, and Political Stability
Caselli, Francesco - 2011
We study theoretically and empirically whether natural resource windfalls affect political regimes. We document the following regularities. Natural resource windfalls have no effect on the political system when they occur in democracies. However, windfalls have significant political consequences...
Persistent link: https://www.econbiz.de/10013117944
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Trends in U.S. Spatial Inequality : Concentrating Affluence and a Democratization of Poverty
Gaubert, Cecile; Kline, Patrick; Vergara, Damian; … - 2022
We study trends in income inequality across U.S. states and counties 1960-2019 using a mix of administrative and survey data sources. Both states and counties have diverged in terms of per-capita pre-tax incomes since the late 1990s, with transfers serving to dampen this divergence. County...
Persistent link: https://www.econbiz.de/10014089530
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Income Distribution, Political Instability, and Investment
Alesina, Alberto F.; Perotti, Roberto - 2021
This paper successfully tests on a sample of 70 countries for the period 1960-85 the following hypotheses. Income inequality, by fueling social discontent, increases socio-political instability. The latter, by creating uncertainty in the politico-economic environment, reduces investment. As a...
Persistent link: https://www.econbiz.de/10013235290
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Social Mobility and Stability of Democracy : Re-Evaluating De Tocqueville
Acemoglu, Daron - 2016
An influential thesis often associated with De Tocqueville views social mobility as a bulwark of democracy: when … force making democracy less stable in societies with high social mobility: when the median voter expects to move up … conflicting preferences of her “future selves,” and that the evolution of institutions is determined through the implicit …
Persistent link: https://www.econbiz.de/10012994372
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Oil and Democracy in Russia
Treisman, Daniel - 2010
wealth tends to undermine democracy. Given high oil prices, some observers see the country as virtually condemned to … around the world suggests that for countries like Russia with an established oil industry, even large increases in the scale …
Persistent link: https://www.econbiz.de/10013148670
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Democracy, Redistribution and Inequality
Acemoglu, Daron - 2013
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … to be realized when democracy is captured by the richer segments of the population; when it caters to the preferences of …
Persistent link: https://www.econbiz.de/10013071520
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External Debt, Capital Flight and Political Risk
Alesina, Alberto F. - 2010
This paper provides an explanation of the simultaneous occurrence of large accumulation of external debt, private capital outflow and relatively low domestic capital formation in developing countries. We consider a general equilibrium model in which two types of government with conflicting...
Persistent link: https://www.econbiz.de/10012763021
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Political Instability and Economic Growth
Alesina, Alberto F.; Ozler, Sule; Roubini, Nouriel; … - 2021
This paper investigates the relationship between political instability and per capita GDP growth in a sample of 113 countries for the period 1950-1982. We define ?political instability? as the propensity of a government collapse, and we estimate a model in which political instability and...
Persistent link: https://www.econbiz.de/10013226078
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Fractionalization
Alesina, Alberto F.; Easterly, William; Devleeschauwer, … - 2021
institutions and growth. We partly confirm and partly modify previous results. The patterns of cross-correlations between potential …
Persistent link: https://www.econbiz.de/10013238939
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Political Instability, Political Weakness and Inflation : An Empirical Analysis
Edwards, Sebastian; Tabellini, Guido - 2021
In this paper we analyze empirically the most important implications of two family political economy models of inflation: the "myopic? government approach and the "weak" government approach. In myopic government models inflation is the deliberate outcome of politicians strategic behavior, while...
Persistent link: https://www.econbiz.de/10013244087