Democracy as a Middle Ground: A Unified Theory of Development and Political Regimes
2013 (English)In: European Economic Review, ISSN 0014-2921, E-ISSN 1873-572X, Vol. 64, 35-56 p.Article in journal (Refereed) Published
Although many of the worst performing countries over the post-World War II period were autocracies, many of the best were likewise autocratic. At the same time, no long-lived autocracy currently is rich whereas every long-lived democracy is. This paper proposes a theory to account for these observations that rests on the ideas that autocrats are heterogeneous and that elites experience lower land rents with industrialization. In a model calibrated to Britain's development, we show that elites democratize society only after the economy has accumulated enough wealth, and that the democratization date depends importantly on the history of rulers and distribution of land.
Place, publisher, year, edition, pages
2013. Vol. 64, 35-56 p.
Autocracy, Democracy, Elites, Unified growth, Land inequality
Economics and Business
IdentifiersURN: urn:nbn:se:su:diva-98767DOI: 10.1016/j.euroecorev.2013.08.003ISI: 000328919500003OAI: oai:DiVA.org:su-98767DiVA: diva2:685387
AuthorCount: 2;2014-01-092014-01-092014-01-27Bibliographically approved