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This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform’s initial success having a negative impact...
Persistent link: https://www.econbiz.de/10010743449
This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform's initial success having a negative impact...
Persistent link: https://www.econbiz.de/10011078011
This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform’s initial success having a negative impact...
Persistent link: https://www.econbiz.de/10010758506
redistribution that our model generates match salient stylized facts. In contrast to the standard view that inefficiencies are … unavoidable when implementing redistributive policies, we argue that redistribution may be a means to disguise inefficient …
Persistent link: https://www.econbiz.de/10010607408
regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason …
Persistent link: https://www.econbiz.de/10005666486
repeated voting, where agents vote over distortionary income redistribution. The key feature of the theory is that the future … constituency of redistributive policies depends positively on the current level of redistribution, since this affects both private … will vote for zero redistribution. …
Persistent link: https://www.econbiz.de/10005772313
In this paper the political economy of revolutions is revisited, as it has been developed and applied in a number of publications by Acemoglu and Robinson. We criticize the fact that these authors abstract from collective-action problems and focus on inequality of income or wealth instead. In...
Persistent link: https://www.econbiz.de/10010734053
voting, where agents vote over income redistribution. The key feature of the theory is that the future constituency of … redistributive policies depends positively on the current level of redistribution, since this affects both private investments and …
Persistent link: https://www.econbiz.de/10005656349
relationship between inequality and redistribution is nonmonotonic; societies with intermediate levels of inequality consolidate … democracy and redistribute more than both very equal and very unequal countries. We also show that asset redistribution, such as …
Persistent link: https://www.econbiz.de/10005661707
relationship between inequality and redistribution is nonmonotonic; societies with intermediate levels of unequality consolidate … democracy and redistribute more than both very equal and very unequal countries. We also show that asset redistribution, such as …
Persistent link: https://www.econbiz.de/10005574256