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来源类型Working Paper
规范类型报告
DOI10.3386/w13164
来源IDWorking Paper 13164
Why Doesn't Capitalism Flow to Poor Countries?
Rafael Di Tella; Robert MacCulloch
发表日期2007-06-11
出版年2007
语种英语
摘要We find anecdotal evidence suggesting that governments in poor countries have a more left wing rhetoric than those in OECD countries. Thus, it appears that capitalist rhetoric doesn't flow to poor countries. A possible explanation is that corruption, which is more widespread in poor countries, reduces more the electoral appeal of capitalism than that of socialism. The empirical pattern of beliefs within countries is consistent with this explanation: people who perceive corruption to be high in their country are also more likely to lean left ideologically (and to declare support for a more intrusive government in economic matters). Finally, we present a model explaining the corruption-left connection. It exploits the fact that an act of corruption is more revealing about the fairness type of a rich capitalist than of a poor bureaucrat. After observing corruption, voters who care about fairness react by increasing taxes and moving left. There is a negative ideological externality since the existence of corrupt entrepreneurs hurts good entrepreneurs by reducing the electoral appeal of capitalism.
主题Macroeconomics ; Fiscal Policy ; Other ; Law and Economics ; Economic Systems
URLhttps://www.nber.org/papers/w13164
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/570833
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Rafael Di Tella,Robert MacCulloch. Why Doesn't Capitalism Flow to Poor Countries?. 2007.
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