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The Rise and Fall of Elites: A Theory of Economic Development and Social Polarization in Rent-Seeking Societies

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Author Info

  • Ades, A.
  • Verdier, T.

Abstract

This paper analyzes how political institutions, wealth distribution and economic activities affect each other during the process of development. A simple general equilibrium model of rent-seeking political elites with two productive sectors (modern and traditional) is presented.

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Bibliographic Info

Paper provided by DELTA (Ecole normale supérieure) in its series DELTA Working Papers with number 96-13.

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Length: 48 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:del:abcdef:96-13

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Keywords: ECONOMIC DEVELOPMENT; POLITICAL ECONOMY; POLITICS; GENERAL EQUILIBRIUM;

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Cited by:
  1. Bertocchi, Graziella & Dimico, Arcangelo, 2012. "De Jure and de Facto Determinants of Power: Evidence from Mississippi," CEPR Discussion Papers 9064, C.E.P.R. Discussion Papers.
  2. Daron Acemoglu & James A. Robinson, 2001. "A Theory of Political Transitions," American Economic Review, American Economic Association, vol. 91(4), pages 938-963, September.
  3. Bertocchi, Graziella & Dimico, Arcangelo, 2011. "Race v. Suffrage: The Determinants of Development in Mississippi," CEPR Discussion Papers 8589, C.E.P.R. Discussion Papers.
  4. Boschini, Anne D., 2006. "The political economy of industrialisation," European Journal of Political Economy, Elsevier, vol. 22(4), pages 887-907, December.
  5. Josten, Stefan Dietrich & Truger, Achim, 2003. "The political economy of growth and distribution: A theoretical critique," WSI Discussion Papers 111, Wirtschafts- und Sozialwissenschaftliches Institut (WSI), Hans-Böckler-Stiftung.
  6. Joan Esteban & Debraj Ray, 2006. "Inequality, Lobbying, and Resource Allocation," American Economic Review, American Economic Association, vol. 96(1), pages 257-279, March.
  7. repec:mod:depeco:0001 is not listed on IDEAS
  8. Christophe Ehrhart, 2009. "The effects of inequality on growth: a survey of the theoretical and empirical literature," Working Papers 107, ECINEQ, Society for the Study of Economic Inequality.

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