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, follows a faster track and depends more on political power than on those policies potential as engines for productivity growth … different groups weight in policymaking, and the effect of the implied unbalance on aggregate productivity. Electoral weight and … that the resulting imbalance of policies damages aggregate productivity. …
Persistent link: https://www.econbiz.de/10010247927
This study explores the manner in which the availability of natural resources wealth, foreign aid or corruption potential constrains institutional improvements. By providing a framework, where rulers, bureaucracy and the citizens act endogenously, we show that the rents from these resources can...
Persistent link: https://www.econbiz.de/10014183609
This paper reviews the political economy of extractive resources and the associated resources sector governance agenda. The consensus that good sector governance improves the developmental impacts of extractive resources exploitation is premised on the understanding that institutions matter for...
Persistent link: https://www.econbiz.de/10011595705
Formal conceptions of state capacity have mostly focused on indirect measures of state capacity - by, for instance, using the state's fiscal or extractive capacity as a proxy for its overall capacity. Yet, this input or extractive view of state capacity falls short, especially since...
Persistent link: https://www.econbiz.de/10014502275
Formal conceptions of state capacity have mostly focused on indirect measures of state capacity - by, for instance, using the state's fiscal or extractive capacity as a proxy for its overall capacity. Yet, this input or extractive view of state capacity falls short, especially since...
Persistent link: https://www.econbiz.de/10014463568
revival of “political economy” offers a frame for understanding the relationship between productivity and justice in market … productivity and power, both in the short and long term. The outcome of this struggle shapes the highly divergent paths that …
Persistent link: https://www.econbiz.de/10012846016
We develop a model of legislative lobbying where policy proposals are endogenous. We show that a policy proposer with preferences tilted towards one lobby may be induced by an increase in that interest group's size to propose policies geared towards the opposing lobby. Hence, a larger lobby size...
Persistent link: https://www.econbiz.de/10011753190
We develop a model of legislative lobbying where policy proposals are endogenous. We show that a policy proposer with preferences tilted towards one lobby may be induced by an increase in that interest group's size to propose policies geared towards the opposing lobby. Hence, a larger lobby size...
Persistent link: https://www.econbiz.de/10008746474
popular support for business-friendly policies. This can lead to long-term reductions in aggregate investment, productivity …
Persistent link: https://www.econbiz.de/10011794581
popular support for business-friendly policies. This can lead to long-term reductions in aggregate investment, productivity …
Persistent link: https://www.econbiz.de/10011436675