Azam, Jean-Paul, Bates, Robert H.
and Biais, Bruno
(2009)
Political Predation and Economic Development.
Economics & Politics, vol. 21 (n° 2).
pp. 255-277.
Abstract
We analyze a game between citizens and governments, whose type (benevolent or predatory) is unknown to the public. Opportunistic governments mix between predation and restraint. As long as restraint is observed, political expectations improve, people enter the modern sector, and the economy grows. Once there is predation, the reputation of the government is ruined and the economy collapses. If citizens are unable to overthrow this government, the collapse is durable. Otherwise, a new government is drawn and the economy can rebound. Consistent with stylized facts, equilibrium political and economic histories are random, unstable, and exhibit long-term divergence
Item Type: | Article |
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Language: | English |
Date: | July 2009 |
Refereed: | Yes |
Uncontrolled Keywords: | ECONOMIC development, ECONOMIC history, EQUILIBRIUM (Economics), WAR— Economic aspects, GOVERNMENT policy, PRODUCTIVITY accounting, ECONOMIC expansion, SELF-employed, EMINENT domain |
Subjects: | B- ECONOMIE ET FINANCE > B1- Généralités D- SCIENCES POLITIQUES > D3- Institution et Administration |
Divisions: | TSE-R (Toulouse), TSM Research (Toulouse) |
Site: | UT1 |
Date Deposited: | 31 Mar 2015 11:19 |
Last Modified: | 02 Apr 2021 15:47 |
URI: | https://publications.ut-capitole.fr/id/eprint/14658 |