G2TT
来源类型Discussion paper
规范类型论文
来源IDDP8296
DP8296 The Political Value of Land: Democratization and Land Prices in Chile
James Robinson; Jean-Marie Baland
发表日期2011-03-14
出版年2011
语种英语
摘要Though models of political economy suggest that changes in political institutions, such as democratization, should have large effects on policies and economic outcomes, the empirical literature finds ambiguous results. It is important, however, to ?unbundle? democratic reforms into more specific changes, for instance the introduction of secrecy of balloting, and be more specific about the mechanisms linking these to economic outcomes. To this end we develop a simple model of the economic consequences of the absence of a secret ballot. While providing workers with employment, landlords can also impose some degree of political control. When voting is not secret, landlords can dictate who their workers should vote for. As votes are used by the landlords to accumulate political rents, vote control increases the demand for labor and for land. The introduction of secret ballot should lead to a fall in the price of land in those areas where patron-client relationships and vote control were the strongest. We test the predictions of the model by examining in detail the evolution of land prices in Chile around May 31st. 1958, for which we collected original data. A characteristic of rural Chile at this time was the inquilinaje system, by which a worker, the inquilino, entered into a long term, often hereditary, employment relationship with a landlord, and lived on his landlord?s estate. We show that the introduction of the secret ballot in 1958 had implications for land prices which are perfectly consistent with the predictions of our model. Political rents represented 25% of the value of the land in Chile prior to 1958.
主题Development Economics
关键词Political institutions Elections Land prices
URLhttps://cepr.org/publications/dp8296
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/537131
推荐引用方式
GB/T 7714
James Robinson,Jean-Marie Baland. DP8296 The Political Value of Land: Democratization and Land Prices in Chile. 2011.
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