Научный семинар Международной лаборатории макроэкономического анализа: Дмитрий Веселов «Crony capitalism as an Electoral Outcome»
Уважаемые коллеги,
В четверг 22 апреля в 16:00 состоится научный семинар Международной лаборатории макроэкономического анализа НИУ ВШЭ.
В рамках семинара Дмитрий Веселов (НИУ ВШЭ) представит доклад «Crony capitalism as an Electoral Outcome»
Аннотация:
Crony relations i.e. the tight connection between the owners of major firms and the government, distort competition, and are related with high entry barriers on markets. We propose a theory that explains why, in a democracy, the majority of voters may prefer this type of institutions.
This paper develops an endogenous growth model with heterogeneous agents, which differ in their skills and wealth endowment. If the policy space is two-dimensional, the wealthy elite and low-skilled workers may form a majority coalition, supporting the regime with high-entry barriers. In this case, the wealthy elite agrees on a higher level of redistribution, preferred by the least skilled agents. We show that the high income and skill inequality result in the electoral support of crony capitalism, lower investment in education, and longer stagnation.
Рабочий язык- английский
Подключиться к конференции Zoom
Идентификатор конференции: 891 549 4425
Приглашаются все желающие.