Crony Capitalism: Rent Seeking, Institutions and Ideology

Aligică, Paul Dragos; Tarko, Vlad

doi:10.1111/kykl.12048

Cited by 61 publications

(23 citation statements)

References 52 publications

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“…the abuse of relationships between business people and government officials. See, e.g., Aligica and Tarko (2014). 12.…”

Section: Data and Hypothesesmentioning

confidence: 99%

Does Economics Make Politicians Corrupt? Empirical Evidence from the United States Congress

Ruske

2015

Kyklos

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Summary The present article analyzes the differences between economists and non‐economists with respect to observed corruption behavior used as a proxy for selfishness. For this purpose, I analyzed real world data of relating to the 109th–111th US Congress between 2005 and 2009, including 695 representatives and senators. I show that those who hold a degree in economics are significantly more prone to corruption than ‘non‐economists’. These findings hence support the widespread, but controversial hypothesis in the ‘economist vs. non‐economist literature’ that economists lack what Frey and Meier (2004) call ‘social behavior’. Moreover, by using real world data, these findings overcome the lack of external validity, which impact on the (low cost) experiments and surveys to date.

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“…the abuse of relationships between business people and government officials. See, e.g., Aligica and Tarko (2014). 12.…”

Section: Data and Hypothesesmentioning

confidence: 99%

Does Economics Make Politicians Corrupt? Empirical Evidence from the United States Congress

Ruske

2015

Kyklos

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“…As a result, closed networks of authorities and business were built, and there was an interweaving of the processes of «state capture» and «business capture». In this case, Russian (pre-Soviet) capitalism could be viewed as an early form of «crony capitalism» (Brou, Ruta, 2013;Aligica, Tarko, 2014;Zywicki, 2015;Rubin, 2015). The Soviet economic system, which replaced «early» Russian capitalism, was formed initially in extreme conditions.…”

Section: The Problem Of Value Of Political Resource and Enclaves Of Wmentioning

confidence: 99%

Untitled

2020

Terra Econ.

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Журнал зарегистрирован Федеральной службой по надзору в сфере связи и массовых коммуникаций 16 января 2009 г. Свидетельство о регистрации средств массовой информации ПИ № ФС77-34982 Журнал издается с 2003 г., выходит 4 раза в год. Подписной индекс 81958 Журнал включен в перечень ВАК Министерства образования и науки РФ ведущих научных журналов и изданий, в которых должны быть опубликованы основные научные результаты диссертаций на соискание ученой степени доктора экономических наук До 2009 г.-Экономический вестник Ростовского государственного университета Адрес учредителя:

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“…Fifth, although crony capitalism can certainly exist without populism, it is one of its most distinguishing features. Aligica and Tarko (2014) explored the strong links between crony capitalism, rent-seeking behavior, institutions and ideology. Borrowing a term from Buchanan, they defined populism as "an attitude of nihilism towards economic organization", a flexible and polymorphic ideology "that manages to circumvent the standard ideological expectations of basing one's arguments in a coherent and unitary system of thought" (p.170).…”

Section: United States and Europementioning

confidence: 99%

The Economic Analysis of Populism. A Selective Review of the Literature

Ocampo

2019

SSRN Journal

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Economic analysis is essential to the understanding of the rise and fall of populism. The conceptual and analytical framework of economics to the study of populism is still in its infancy, but great advances have been made in recent years. This paper reviews some key contributions behind this progress. When analyzing populism, economists face two methodological hurdles: lack of consensus and clarity about its definition and reconciling the populist vote with voter rationality. The former has plagued sociologists and political scientists for decades. As to the latter, it raises a conundrum: if populist policies are detrimental to economic growth, as most economists agree, the vote for a populist candidate suggests some irrationality or inefficiency in the political markets. But accepting that individuals are irrational when making political decisions, would imply that they are irrational when making economic decisions unless, of course, there is something fundamentally different about political markets. The works reviewed in this paper propose alternative approaches to address these issues. The most promising line of research in the economic analysis of populism incorporates and expands concepts developed by academics in other social sciences such as political theory, sociology, history and social psychology.

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Crony Capitalism: Rent Seeking, Institutions and Ideology

Cited by 61 publications

References 52 publications

Does Economics Make Politicians Corrupt? Empirical Evidence from the United States Congress

Does Economics Make Politicians Corrupt? Empirical Evidence from the United States Congress

Untitled

The Economic Analysis of Populism. A Selective Review of the Literature

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