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We develop a theory of political transitions inspired in part by the experiences of Western Europe and Latin America …. Nondemocratic societies are controlled by a rich elite. The initially disenfranchised poor can contest power by threatening social … unrest or revolution and this may force the elite to democratize. Democracy may not consolidate because it is more …
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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 democratization, despite its apparent costs to themselves, may be that …Regimes controlled by a rich elite often collapse and make way for democracy amidst widespread social unrest. Such …
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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...
Persistent link: https://www.econbiz.de/10014064089
We develop a quantitative theory of repeated political transitions driven by revolts and reforms. In the model, the … explore circumstances of successful democratization, finding that the sentiment of political outsiders is key for creating a …
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We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance … is affected by redistribution. We estimate utility weights for the different sources of demand for redistribution, with …
Persistent link: https://www.econbiz.de/10009781859