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Regime change and critical junctures

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  • Rivas, Javier

Abstract

In this paper we study how a society can transition between different economic and political regimes. When the current regime is elitism, the society is modeled as a collection of units of land where at each of these units there is a member of the elite and a peasant. Under the democratic regime, at each of the units of land there is a citizen whose role is to work the land and enjoy the full output he produces. At every period with some small probability a critical juncture arrives, giving a chance for a regime change. Among others, we find that a wider output gap can increase the number of different institutions that are possible after a critical juncture and that lower land profitability makes equilibria where an extractive regime continues less likely.

Suggested Citation

  • Rivas, Javier, 2023. "Regime change and critical junctures," European Journal of Political Economy, Elsevier, vol. 76(C).
    • Handle: RePEc:eee:poleco:v:76:y:2023:i:c:s0176268022000702
    DOI: 10.1016/j.ejpoleco.2022.102269
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    More about this item

    Keywords

    Elitism; Critical juncture; Democracy; Regime change;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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