Browsing College of Arts and Science by Subject "inefficient institutions"

Now showing items 1-2 of 2

    • Pampered Bureaucracy and Trade Liberalization 
      Stroup, Caleb; Zissimos, Ben (Vanderbilt University, 2010)
      This paper shows how a nation's elite maintain ownership of their wealth by creating a `pampered bureaucracy.' The elite thus divert part of an otherwise entrepreneurial middle class from more productive manufacturing ...
    • Pampered Bureaucracy, Political Stability, and Trade Integration 
      Stroup, Caleb; Zissimos, Benjamin (Vanderbilt University, 2011)
      This paper shows how, under threat of revolution, a nation's elite are able to maintain political stability and hence ownership of their wealth by creating or expanding a `pampered bureaucracy.' The elite thus divert part ...