Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39937
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dc.contributor.authorDadasov, Raminen_US
dc.contributor.authorHarms, Philippen_US
dc.contributor.authorLorz, Jens Oliveren_US
dc.date.accessioned2010-09-13T15:01:42Z-
dc.date.available2010-09-13T15:01:42Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/39937-
dc.description.abstractIt is often argued that a saticfactory institutional quality is prerequi- site for successfull financial integration. This paper analyzes the influence of financial integration on institutional quality. We construct a dynamic politico-economic model in which the ruling elite uses its political power to expropriate the entrepreneurial class. Although financial integration reduces capital costs for the entrepreneurs and therefore increases their gross profits, the elite counteracts this effect by raising the level of expropriation. Consequently, the net income of entrepreneurs may rise or decline depending on the respective magnitude of the countervailing effects. Since political power is linked to economic resources, financial integration also has consequences for the concentration of power in the hands of the elite and for the rise of the entrepreneurial class.en_US
dc.language.isoengen_US
dc.publisher|aVerein für Socialpolitik, Ausschuss für Entwicklungsländer |cGöttingenen_US
dc.relation.ispartofseries|aProceedings of the German Development Economics Conference, Frankfurt a.M. 2009 |x4en_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.titleThe Impact of Financial Integration on Institutions in Autocraciesen_US
dc.typeConference Paperen_US
dc.identifier.ppn654200211-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec09:4-

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