Ruling elites' rotation and asset ownership: implications for property rights

被引：6

作者：

Polishchuk, Leonid ^{[1
]}

Syunyaev, Georgiy ^{[1
]}

机构：

[1] NRU Higher Sch Econ, Moscow 101000, Russia

来源：

PUBLIC CHOICE | 2015年 / 162卷 / 1-2期

关键词：

Endogenous property rights; Credible commitment; Stationary bandit; ECONOMIC-GROWTH; INSTITUTIONAL QUALITY; RESOURCE CURSE; PANEL-DATA; DEMOCRACY; INEQUALITY; GOVERNMENT; POLITICS; DICTATORSHIP; INSTABILITY;

D O I：

10.1007/s11127-014-0210-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We provide a theory and empirical evidence indicating that the rotation of ruling elites in conjunction with elites' asset ownership could improve property rights protection in non-democracies. The mechanism that upholds property rights is based on elites' concern about the security of their own asset ownership in the event they lose power. Such incentives provide a solution to the credible commitment problem in maintaining secure property rights when institutional restrictions on expropriation are weak or absent.

引用

页码：159 / 182

页数：24

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