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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 …
Persistent link: https://www.econbiz.de/10012462985
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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/10012461056
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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 …
Persistent link: https://www.econbiz.de/10012456501
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The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide
Acemoglu, Daron - 2015
following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of 2000s. This … deepening in Turkish democracy under the prodding and the guidance of the European Union, and witnessed the waning of the … military's influence and the broadening of effective political participation. As Turkey-European Union relations collapsed and …
Persistent link: https://www.econbiz.de/10012457061
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Malaysia : Was it Different?
Dornbusch, Rudi - 2001
In the Asian crisis of 1997-98 some countries followed IMF prescriptions for stabilization and recovery. Malaysia went another route, placing an emphasis on capital controls. Did this strategy work out to lower the costs of the crisis and foster a more rapid recovery as claimed by some observers...
Persistent link: https://www.econbiz.de/10012470399
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Income Distribution, Political Instability, and Investment
Alesina, Alberto - 1993
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/10012474459
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Political Instability and Economic Growth
Alesina, Alberto - 1992
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/10012474795
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External Debt and Political Instability
Ozler, Sule - 1991
This paper studies theoretically and empirically the role of domestic political incentives in the accumulation of large external debts by developing countries during 1972-81. The theoretical model characterizes two equilibrium regimes. In one regime the borrower is on its demand curve and...
Persistent link: https://www.econbiz.de/10012475228
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Political Instability, Political Weakness and Inflation : An Empirical Analysis
Edwards, Sebastian - 1991
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/10012475286
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Seigniorage and Political Instability
Cukierman, Alex - 1989
The importance of seignorage relative to other sources of government revenue differs markedly across countries. The main theoretical implication of this paper is that countries with more unstable and polarized political systems rely more heavily on seignorage. This result is obtained within the...
Persistent link: https://www.econbiz.de/10012475838