Institutional Specialization

Detalhes bibliográficos
Autor(a) principal: Guimaraes, Bernardo
Data de Publicação: 2021
Outros Autores: Sheedy, Kevin D.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/30808
Resumo: This paper presents a theory of institutional specialization in which some countries uphold the rule of law while others choose extractive institutions, even when countries are ex-ante identical. The driving force of specialization is that for incumbents in each country, the first steps to the rule of law have the greatest cost. Good institutions require sharing power and rents, but in places where power is already shared broadly, each power base or branch of government supporting the institutions is individually less important and thus receives lower rents. Countries with diametrically opposed institutions have a symbiotic relationship in the world equilibrium. The transition from sail to steam-powered vessels in 19th-century trade provides suggestive evidence supporting the theory
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spelling Guimaraes, BernardoSheedy, Kevin D.Escolas::EESP2021-07-05T19:45:15Z2021-07-05T19:45:15Z2021-06TD 545https://hdl.handle.net/10438/30808This paper presents a theory of institutional specialization in which some countries uphold the rule of law while others choose extractive institutions, even when countries are ex-ante identical. The driving force of specialization is that for incumbents in each country, the first steps to the rule of law have the greatest cost. Good institutions require sharing power and rents, but in places where power is already shared broadly, each power base or branch of government supporting the institutions is individually less important and thus receives lower rents. Countries with diametrically opposed institutions have a symbiotic relationship in the world equilibrium. The transition from sail to steam-powered vessels in 19th-century trade provides suggestive evidence supporting the theoryengTextos para Discussão / Working Paper Series;TD 545Rule of lawPower sharingInternational tradeExtractive institutionsResource cursePolitical economyEconomiaComércio internacionalPolítica econômicaDireitoInstitutional Specializationinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINALTD 545 - Bernardo Guimarães.pdfTD 545 - Bernardo Guimarães.pdfPDFapplication/pdf1048091https://repositorio.fgv.br/bitstreams/1dcfaacb-5e23-4662-9c6b-ea9ea94f5317/download36217c3808681276904632c2aec49632MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/79fe6c13-6880-43d0-a1f1-952c5472a41b/downloaddfb340242cced38a6cca06c627998fa1MD52TEXTTD 545 - Bernardo 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dc.title.eng.fl_str_mv Institutional Specialization
title Institutional Specialization
spellingShingle Institutional Specialization
Guimaraes, Bernardo
Rule of law
Power sharing
International trade
Extractive institutions
Resource curse
Political economy
Economia
Comércio internacional
Política econômica
Direito
title_short Institutional Specialization
title_full Institutional Specialization
title_fullStr Institutional Specialization
title_full_unstemmed Institutional Specialization
title_sort Institutional Specialization
author Guimaraes, Bernardo
author_facet Guimaraes, Bernardo
Sheedy, Kevin D.
author_role author
author2 Sheedy, Kevin D.
author2_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.author.fl_str_mv Guimaraes, Bernardo
Sheedy, Kevin D.
dc.subject.eng.fl_str_mv Rule of law
Power sharing
International trade
Extractive institutions
Resource curse
Political economy
topic Rule of law
Power sharing
International trade
Extractive institutions
Resource curse
Political economy
Economia
Comércio internacional
Política econômica
Direito
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Comércio internacional
Política econômica
Direito
description This paper presents a theory of institutional specialization in which some countries uphold the rule of law while others choose extractive institutions, even when countries are ex-ante identical. The driving force of specialization is that for incumbents in each country, the first steps to the rule of law have the greatest cost. Good institutions require sharing power and rents, but in places where power is already shared broadly, each power base or branch of government supporting the institutions is individually less important and thus receives lower rents. Countries with diametrically opposed institutions have a symbiotic relationship in the world equilibrium. The transition from sail to steam-powered vessels in 19th-century trade provides suggestive evidence supporting the theory
publishDate 2021
dc.date.accessioned.fl_str_mv 2021-07-05T19:45:15Z
dc.date.available.fl_str_mv 2021-07-05T19:45:15Z
dc.date.issued.fl_str_mv 2021-06
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv https://hdl.handle.net/10438/30808
dc.identifier.sici.none.fl_str_mv TD 545
identifier_str_mv TD 545
url https://hdl.handle.net/10438/30808
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.none.fl_str_mv Textos para Discussão / Working Paper Series;TD 545
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