Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/39937 
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dc.contributor.authorDadasov, Raminen
dc.contributor.authorHarms, Philippen
dc.contributor.authorLorz, Jens Oliveren
dc.date.accessioned2010-09-13T15:01:42Z-
dc.date.available2010-09-13T15:01:42Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik, Ausschuss für Entwicklungsländer |cGöttingenen
dc.relation.ispartofseries|aProceedings of the German Development Economics Conference, Frankfurt a.M. 2009 |x4en
dc.subject.jelF21en
dc.subject.jelO16en
dc.subject.jelP48en
dc.subject.ddc330en
dc.subject.keywordInstitutionsen
dc.subject.keywordCapital Mobilityen
dc.subject.keywordPolitical Economyen
dc.titleThe Impact of Financial Integration on Institutions in Autocracies-
dc.typeConference Paperen
dc.identifier.ppn654200211en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:gdec09:4en

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