Coups, revolutions and efficient policies in autocracies
Mario Gilli () and
Yuan Li ()
European Journal of Political Economy, 2015, vol. 39, issue C, 109-124
The purpose of this paper is to explore the interaction of two mechanisms that might constrain the power of dictators: the threat of a coup by the selectorate and a revolution by citizens. Our results help explain a stylized fact, namely that autocracies are far more likely to be either the best or the worst performers in terms of growth and public goods policies. To this end, we focus on accountability within dictatorships using a model where both the selectorate and the citizens are the principals and the autocrat is the agent. Our results highlight that both excessively strong and excessively weak dictators lead to poor economic performances, and that a balanced distribution of de facto political power is required to incentivize the dictator to choose efficient economic policies.
Keywords: Autocracy; Accountability; Coup; Revolution (search for similar items in EconPapers)
JEL-codes: D02 H11 D74 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:poleco:v:39:y:2015:i:c:p:109-124
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