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We develop a quantitative theory of repeated political transitions driven by revolts and reforms. In the model, the …
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; Political Economy ; Redistribution …
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distinguishes different subgroups of a society, some of which have a potential for pursuing a redistribution of wealth in its … redistribution cycles, leading to failed states. For much the same reason, democratic constitutions contain effective measures … against redistribution cycles. Stability within non-democracies, by contrast, can be explained by the fact that commitments …
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This paper studies, within a growth model, some effects of the inequality between the profit and growth rates on the reproduction of economic elites. To this end, it considers as functions of the capital/income ratio the relations between, on the one hand, the rate of economic growth and, on the...
Persistent link: https://www.econbiz.de/10012962048
In this paper, we create alternative measures of political instability, which capture movements only from dictatorship to democracy and vice versa (consistent with the recent theoretical work by Acemoglu and Robinson) but, unlike older, well known measures do not capture government changes that...
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