Competitive Rent Preservation, Reform Paralysis, and the Persistence of Underdevelopment
NBER Working Paper No. 12093
---- Acknowledgements ----
This paper reflects the author's views and not necessarily those of the National Bureau of Economic Research, the International Monetary Fund, its management, or its Board. I thank Peter Gourevich, Steven Haber, Robert Inman, Simon Johnson, Subir Lall, Rodney Ramcharan, Antonio Spilimbergo, Arvind Subramanian, and seminar participants at Berkeley, Brown
University, Harvard University, the IMF, and the University of Pennsylvania for valuable comments. I am especially grateful to Karla Hoff, Bilge Yilmaz, and Luigi Zingales, whose contributions to this version have been invaluable. I thank Yannis Tokatlidis for research assistance. An earlier version of this paper was entitled "The Persistence of Underdevelopment: Institutions, Human Capital, or Constituencies?".