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P16

Capitalist Systems: Political Economy

The Political Economy of Palm Oil Expansion and Deforestation in Indonesia

Elías Cisnerosy, Krisztina Kis-Katosz and Nunung Nuryartono
This paper studies the interactions between political and economic incentives to foster forest conversion in Indonesian districts. Using a district–level panel data set from 2001 to 2016, we analyze variation in remotely sensed forest loss and forest fires as well as measures of land use licensing...
Jul 2020
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The Impact of Political Competition on Economic Growth: Evidence from Municipalities in South Africa

Nonso Obikili
This paper examines the impact of political competition on economic growth. Using results from the 1994 and 1999 elections I show that municipalities with a decisive vote either for or against the dominant national party have grown faster than municipalities with more voter competition amongst...
Jun 2015
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A Dream Deferred: the Microfoundations of Direct Political Action in Pre- and Post-democratization South Africa

Biniam Bedasso
Persistent protests might endanger the stability of young democracies because the economic legacies of the old autocratic regimes tend to outlive their political structures. This paper seeks to explore the micro-level predictors of protest potential in South Africa before and after the end of...
Nov 2014
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The social and political case for promoting economic growth and broad-based innovation in South Africa

Biniam Egu Bedasso
Popular protest in South Africa has increased sharply in recent years to the extent that it now seems to have pervaded the floor of parliament. In post-apartheid South Africa, economic slowdown is found to be a precursor of a rise in public protest. Young people are more ready than other age groups...
Nov 2014
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Addressing structural change issues in the context of South Africa's political dispensation

Biniam E. Bedasso
The current structure of South Africa’s economy is partly a product of the terms of the country’s political dispensation. The availability of capital mobility as an exit option is a key aspect of South Africa’s negotiated democracy. As long as inequality remains high, capital continues to gravitate...
Nov 2014
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Political transition in a small open economy: Retracing the economic trail of South Africa’s long walk to democracy

Biniam E. Bedasso
This paper seeks to offer an economic explanation for the emergence of democracy in societies with high income inequality and narrow middle-class such as Apartheid South Africa. The presence of a credible threat of capital flight is shown to render democracy less unpleasant to the elites by making...
Sep 2014
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Yet Another Look at the Modernisation Hypothesis: Evidence from South America

Manoel Bittencourt
We investigate in this paper whether the exogenous version of the modernisation hypothesis holds in South America, or whether democracy needs development for its own consolidation. We use a sample of all nine countries that re-democratised in the last thirty years or so and the data sets cover two...
Mar 2013
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