Institutional specialization

Detalhes bibliográficos
Autor(a) principal: Guimarães, Bernardo de Vasconcellos
Data de Publicação: 2019
Outros Autores: Sheedy, Kevin D.
Tipo de documento: Artigo de conferência
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/27735
Resumo: This paper presents a theory of institutional specialization in which some countries uphold the rule of law while others choose extractive institutions, even though they are ex-ante identical.This is borne out of two key insights: for incumbents in each country, (i) the first steps to the rule of law are more costly; and (ii) the rule of law is more attractive when other countries have extractive institutions. The world equilibrium features a symbiotic relationship between countries with opposite institutions. Using the transition from sail to steam-powered vessels in the nineteenth century, we find empirical evidence consistent with the model.
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spelling Guimarães, Bernardo de VasconcellosSheedy, Kevin D.Demais unidades::RPCAFGV2019-07-24T13:23:06Z2019-07-24T13:23:06Z2019-01https://hdl.handle.net/10438/27735This paper presents a theory of institutional specialization in which some countries uphold the rule of law while others choose extractive institutions, even though they are ex-ante identical.This is borne out of two key insights: for incumbents in each country, (i) the first steps to the rule of law are more costly; and (ii) the rule of law is more attractive when other countries have extractive institutions. The world equilibrium features a symbiotic relationship between countries with opposite institutions. Using the transition from sail to steam-powered vessels in the nineteenth century, we find empirical evidence consistent with the model.engRule of lawPower sharingInternational tradeExtractive institutionsResource curseDevelopmentEconomiaComércio internacionalEstado de direitoFederalismoDemocraciaInstitutional specializationinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVRede de Pesquisa e Conhecimento AplicadoORIGINALInstitutionalSpecialization.pdfInstitutionalSpecialization.pdfapplication/pdf1096579https://repositorio.fgv.br/bitstreams/cf2d8fb3-8864-4b63-90e4-ae38376985c9/download21d8934eca41907e3a3e451347a536eaMD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv Institutional specialization
title Institutional specialization
spellingShingle Institutional specialization
Guimarães, Bernardo de Vasconcellos
Rule of law
Power sharing
International trade
Extractive institutions
Resource curse
Development
Economia
Comércio internacional
Estado de direito
Federalismo
Democracia
title_short Institutional specialization
title_full Institutional specialization
title_fullStr Institutional specialization
title_full_unstemmed Institutional specialization
title_sort Institutional specialization
author Guimarães, Bernardo de Vasconcellos
author_facet Guimarães, Bernardo de Vasconcellos
Sheedy, Kevin D.
author_role author
author2 Sheedy, Kevin D.
author2_role author
dc.contributor.unidadefgv.por.fl_str_mv Demais unidades::RPCA
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Guimarães, Bernardo de Vasconcellos
Sheedy, Kevin D.
dc.subject.eng.fl_str_mv Rule of law
Power sharing
International trade
Extractive institutions
Resource curse
Development
topic Rule of law
Power sharing
International trade
Extractive institutions
Resource curse
Development
Economia
Comércio internacional
Estado de direito
Federalismo
Democracia
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Comércio internacional
Estado de direito
Federalismo
Democracia
description This paper presents a theory of institutional specialization in which some countries uphold the rule of law while others choose extractive institutions, even though they are ex-ante identical.This is borne out of two key insights: for incumbents in each country, (i) the first steps to the rule of law are more costly; and (ii) the rule of law is more attractive when other countries have extractive institutions. The world equilibrium features a symbiotic relationship between countries with opposite institutions. Using the transition from sail to steam-powered vessels in the nineteenth century, we find empirical evidence consistent with the model.
publishDate 2019
dc.date.accessioned.fl_str_mv 2019-07-24T13:23:06Z
dc.date.available.fl_str_mv 2019-07-24T13:23:06Z
dc.date.issued.fl_str_mv 2019-01
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
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url https://hdl.handle.net/10438/27735
dc.language.iso.fl_str_mv eng
language eng
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