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- W125255770 abstract "What is institutional uncertainty? What is its origin? And, how this uncertainty affects production decisions? This paper presents a survey of the economic literature, both empirical and theoretical, that has addressed these questions. Two related hypotheses are introduced and confronted with available data. Firstly, institutional uncertainty underlies economic uncertainty in society, bringing about a negative incentive to produce. The second hypothesis claims that institutional uncertainty is a consequence of the process by which roving coalitions capture the power of the state. They do so to increase their permanent rents by depredating state’s resources while in power. In order to stay in power these coalitions impose discriminatory reforms to favor or harm different groups in society." @default.
- W125255770 created "2016-06-24" @default.
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- W125255770 date "2010-01-01" @default.
- W125255770 modified "2023-09-26" @default.
- W125255770 title "Institutional Uncertainty (In Spanish)" @default.
- W125255770 doi "https://doi.org/10.2139/ssrn.1710315" @default.
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