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-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although … may counteract this effect by increasing the level of expropriation. Since de facto political power is linked to economic … resources, financial integration also has long-run consequences for the distribution of power and for the rise of an …
Persistent link: https://www.econbiz.de/10003954259
-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although … may counteract this effect by increasing the level of expropriation. Since de facto political power is linked to economic … resources, financial integration also has long-run consequences for the distribution of power and for the rise of an …
Persistent link: https://www.econbiz.de/10010286375
Persistent link: https://www.econbiz.de/10008702079
Persistent link: https://www.econbiz.de/10009702878
-economic model in which the ruling elite uses its political power to expropriate the entrepreneurial class. Although financial … the respective magnitude of the countervailing effects. Since political power is linked to economic resources, financial … integration also has consequences for the concentration of power in the hands of the elite and for the rise of the entrepreneurial …
Persistent link: https://www.econbiz.de/10010301478
-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although … may counteract this effect by increasing the level of expropriation. Since de facto political power is linked to economic … resources, financial integration also has long-run consequences for the distribution of power and for the rise of an …
Persistent link: https://www.econbiz.de/10011345453
-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although … may counteract this effect by increasing the level of expropriation. Since de facto political power is linked to economic … resources, financial integration also has long-run consequences for the distribution of power and for the rise of an …
Persistent link: https://www.econbiz.de/10008470239
-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although … may counteract this effect by increasing the level of expropriation. Since de facto political power is linked to economic … resources, financial integration also has long-run consequences for the distribution of power and for the rise of an …
Persistent link: https://www.econbiz.de/10008560023
-economic model in which the ruling elite uses its political power to expropriate the entrepreneurial class. Although financial … the respective magnitude of the countervailing effects. Since political power is linked to economic resources, financial … integration also has consequences for the concentration of power in the hands of the elite and for the rise of the entrepreneurial …
Persistent link: https://www.econbiz.de/10008564996
This paper offers a meta-regression analysis of the literature on the drivers of financial development. Our results based on 1900 estimates suggest that institutional quality is positively correlated to both private sector credit and stock market capitalization (both as share of GDP). Domestic...
Persistent link: https://www.econbiz.de/10012229266