Political Instability and Growth in Dictatorships

Jody Overland (), Kenneth Simons and Michael Spagat

No 354, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: We model growth in dictatorships facing each period an endogenous probability of ``political catastrophe'' that would extinguish the regime's wealth extraction ability. Domestic capital exhibits a bifurcation point determining economic growth or shrinkage. With low initial domestic capital the dictator plunders the country's resources and the economy shrinks. With high initial domestic capital the economy eventually grows faster than is socially optimal.

Keywords: dictatorship; growth; political economy; bifurcation (search for similar items in EconPapers)
JEL-codes: D9 H O1 (search for similar items in EconPapers)
Pages: pages
Date: 2000-11-01
New Economics Papers: this item is included in nep-dev, nep-pbe and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Political instability and growth in dictatorships (2005)
Working Paper: Political Instability and Growth in Dictatorships (2003)
Working Paper: Political Instability and Growth in Dictatorships (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:wdi:papers:2000-354

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