Akerman, A.; Larsson, A.; Naghavi, A. - Dipartimento di Scienze Economiche, Alma Mater … - 2011
This paper studies how comparative advantage and the political elites' endowments shape long-run performance in an economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners favours openness to trade at an early stage of...