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Corruption Networks and the Balance of Power in Egypt's Arab Spring

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  • Tarek Hassan

    (The University of Chicago)

  • Ahmed Tahoun

    (London Busines School)

  • Daron Acemoglu

    (Massachusetts Institute of Technology)

Abstract

A key question for Egypt's long-term economic and political prospects of is whether the "rent-seeking coalition" consisting of a network of National Democratic Party (NDP) members and military officers has been truly uprooted by the fall of Mubarak's regime. One possibility is that this network, having shed the Mubarak family, will re-create itself, centering this time on high-ranking members of the military or on the Muslim Brotherhood. We investigate this possibility by examining the behavior of firms and the perceptions of financial investors in the Egyptian stock market.

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Bibliographic Info

Paper provided by Society for Economic Dynamics in its series 2013 Meeting Papers with number 443.

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Date of creation: 2013
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Handle: RePEc:red:sed013:443

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