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Why did the West Extend the Franchise? Democracy, Inequality and Growth in Historical Perspective

Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1998

widespread social unrest and revolution. Political transition, rather than redistribution under existing political institutions …

Persistent link: https://www.econbiz.de/10005791338

Was Prometheus Unbound by Chance? Risk, Diversification and Growth

Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1996

growth. At early stages of development, the presence of indivisible projects limits the degree of risk … inability to diversify idiosyncratic risks introduces high uncertainty in the growth process. The typical development pattern …This paper offers a theory of development which links the degree of market incompleteness to capital accumulation and …

Persistent link: https://www.econbiz.de/10005124312

Chapter 6 Institutions as a Fundamental Cause of Long-Run Growth

Acemoglu, Daron; Johnson, Simon; Robinson, James A. - 2005

cause of differences in economic development. We first document the empirical importance of institutions by focusing on two …. Economic institutions encouraging economic growth emerge when political institutions allocate power to groups with interests in …

Persistent link: https://www.econbiz.de/10014023781

Democratization or Repression?

Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1999

Regimes controlled by a rich elite often collapse and make way for democracy amidst widespread social unrest. Such regime changes are often followed by redistribution to the poor at the expense of the former elite. We argue that the reason why the elite may have to resort to full-scale...

Persistent link: https://www.econbiz.de/10005666486