 Elite Quality Report 2020Casas i Klett Tomas and Guido Cozzi MPRA Paper from University Library of Munich, Germany Abstract: Elites are an empirical inevitability, dominating all political economies. They provide necessary coordination capacity for the economy’s resources, whether human, financial or knowledge-based. By determining institutions that enable coordination, elites shape human and economic development, the destiny of societies, the wealth of nations, and their rise and fall. To sustain their position, elites run business models that accumulate wealth. High-quality elites run Value Creation business models that give more to society than they take. Low-quality elites do the opposite and operate Value Extraction models. We present the first-ever international measurement of Elite Quality, the Elite Quality Index (EQx) for 32 countries. We use 72 Indicators describing Value Creation Extraction. The Index architecture includes Power (Sub-Index I), a measurement of future Value Extraction potential, and Value itself (Sub-Index II) and 12 Pillars (e.g. Creative Destruction, Human Capture or Producer Rent). Keywords: Index; elite quality; institutions; value creation; rent seeking; crony capitalism. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:102768 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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