Article ID Journal Published Year Pages File Type
9724158 European Journal of Political Economy 2005 20 Pages PDF
Abstract
African countries have experienced pervasive rent-seeking and repeated coups d'etat. I model these features to show how rent-reducing economic reforms deter coups and allow regime persistence. An incumbent ruler may choose to risk an attempted coup in the hope of surviving and obtaining high future rents. A permanent crisis that reduces future rents may be necessary for reforms, particularly if the regime is limited in its ability to credibly implement reforms. The model yields insights into the incidence of political instability and reforms in sub-Saharan African. The Ghanaian and Nigerian experiences are used as examples.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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