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dc.contributor.authorDadasov, Raminen_US
dc.contributor.authorHarms, Philippen_US
dc.contributor.authorLorz, Oliveren_US
dc.date.accessioned2010-04-20en_US
dc.date.accessioned2012-04-04T13:54:59Z-
dc.date.available2012-04-04T13:54:59Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/56529-
dc.description.abstractThis paper analyzes the influence of financial integration on institutional quality. We construct a dynamic political-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although financial integration reduces capital costs for entrepreneurs and thereby raises gross incomes in the private sector, the elite may counteract this effect by increasing the level of expropriation. Since de facto political power is linked to economic resources, financial integration also has long-run consequences for the distribution of power and for the rise of an entrepreneurial class.en_US
dc.language.isoengen_US
dc.publisherUniv., Dep. of Business Administration & Economics Marburgen_US
dc.relation.ispartofseriesJoint discussion paper series in economics 14-2010en_US
dc.subject.jelF21en_US
dc.subject.jelO16en_US
dc.subject.jelP48en_US
dc.subject.ddc330en_US
dc.subject.keywordinstitutionsen_US
dc.subject.keywordcapital mobilityen_US
dc.subject.keywordpolitical economyen_US
dc.subject.stwKapitalmarktliberalisierungen_US
dc.subject.stwKapitalmobilitäten_US
dc.subject.stwMachten_US
dc.subject.stwAutoritäres Systemen_US
dc.subject.stwPublic Choiceen_US
dc.subject.stwTheorieen_US
dc.titleFinancial integration in autocracies: Greasing the wheel or more to steal?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn623986167en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:MAGKS Joint Discussion Paper Series in Economics, Universität Marburg

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