NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Competitive Rent Preservation, Reform Paralysis, and the Persistence of Underdevelopment

Raghuram G. Rajan

NBER Working Paper No. 12093
Issued in March 2006

---- 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?".

return to bibliography page

 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us