Polishchuk, Leonid; Syunyaev, Georgiy - Institut für Ost- und Südosteuropaforschung (IOS) - 2014
We provide a theory and empirical evidence indicating that the rotation of ruling elites in conjunction with elites’ asset ownership could improve property rights protection in non-democracies. The mechanism that upholds property rights is based on elites’ concern about the security of their...