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• W2018285158 abstract "This article's point of departure is that low‐quality institutions, concentration of political power and material wealth, and underdevelopment are persistent over time. Its analytical model views an equal distribution of political power as a commitment device to enhance institutional quality, thereby promoting growth. The politically powerful coalition contemplates relinquishing of its power through democratization, weighing this advantageous consequence against the limit on own appropriative ability that it entails. The possibility of two developmental paths is exhibited: with concentration of political and economic power, low‐quality institutions, and slow growth; and a more equal distribution of political and economic resources, high‐quality institutions, and faster growth." @default.
• W2018285158 created "2016-06-24" @default.
• W2018285158 creator A5000710707 @default.
• W2018285158 date "2008-07-23" @default.
• W2018285158 modified "2023-10-16" @default.
• W2018285158 title "INSTITUTIONAL TRAPS AND ECONOMIC GROWTH" @default.
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• W2018285158 doi "https://doi.org/10.1111/j.1468-2354.2008.00505.x" @default.
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