IDEAS home Printed from https://ideas.repec.org/a/eee/quaeco/v48y2008i2p263-273.html
   My bibliography  Save this article

Competition and circulation of economic elites: Theory and application to the case of Peru

Author

Listed:
  • Figueroa, Adolfo

Abstract

This study aims at understanding the behavior of economic elites. To do so, the paper presents a theoretical model of economic elites, which assumes a different behavior of elites for the First World and the First World economies. The paper then examines the empirical data of Peru to see whether they are consistent with the predictions of the theory and, indeed, finds consistency. At this stage of research, the theory of economic elites seems promising for explaining certain facts of the Third World: economic elites do not circulate endogenously; in addition, reforms in the market/state mix of the economy do not induce this circulation. If economic growth depends on the competitiveness of the economy, which in turn depends on more entrepreneurial capitalists, the latter depends, as suggested by the findings of this paper, on the circulation of elites (on the competition in this sphere, a kind of meta-competition).

Suggested Citation

  • Figueroa, Adolfo, 2008. "Competition and circulation of economic elites: Theory and application to the case of Peru," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(2), pages 263-273, May.
    • Handle: RePEc:eee:quaeco:v:48:y:2008:i:2:p:263-273
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1062-9769(07)00037-3
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. James R. Markusen, 2004. "Multinational Firms and the Theory of International Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633078, December.
    2. Mark Granovetter, 2005. "The Impact of Social Structure on Economic Outcomes," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 33-50, Winter.
    3. repec:ucp:ecdecc:v:26:y:1978:i:4:p:661-75 is not listed on IDEAS
    4. Nancy A. Jianakoplos & Paul L. Menchik, 1997. "Wealth Mobility," The Review of Economics and Statistics, MIT Press, vol. 79(1), pages 18-31, February.
    5. Adolfo Figueroa, 2003. "La sociedad sigma: una teoría del desarrollo económico," Libros PUCP / PUCP Books, Fondo Editorial - Pontificia Universidad Católica del Perú, edition 1, number lde-2003-04.
    6. Leff, Nathaniel H, 1979. "Entrepreneurship and Economic Development: The Problem Revisited," Journal of Economic Literature, American Economic Association, vol. 17(1), pages 46-64, March.
    7. Solon, Gary, 1992. "Intergenerational Income Mobility in the United States," American Economic Review, American Economic Association, vol. 82(3), pages 393-408, June.
    8. Adolfo Figueroa, 2001. "Reformas en sociedades desiguales. La experiencia peruana," Libros PUCP / PUCP Books, Fondo Editorial - Pontificia Universidad Católica del Perú, edition 1, number lde-2001-03.
    9. Zimmerman, David J, 1992. "Regression toward Mediocrity in Economic Stature," American Economic Review, American Economic Association, vol. 82(3), pages 409-429, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Morck, Randall & Deniz Yavuz, M. & Yeung, Bernard, 2011. "Banking system control, capital allocation, and economy performance," Journal of Financial Economics, Elsevier, vol. 100(2), pages 264-283, May.
    2. Monroy-Gómez-Franco, Luis Angel, 2022. "Regional comparisons of intergenerational social mobility: the importance of positional mobility," SocArXiv zgfvk, Center for Open Science.
    3. Mario García Molina, 2010. "Crisis y diversificación de los grupos empresariales colombianos a finales de los noventa," Documentos de Trabajo, Escuela de Economía 7571, Universidad Nacional de Colombia, FCE, CID.
    4. Monroy-Gómez-Franco, Luis, 2023. "The importance of positional mobility for regional comparisons," Research in Economics, Elsevier, vol. 77(3), pages 322-333.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gokhale, Jagadeesh & Kotlikoff, Laurence J. & Sefton, James & Weale, Martin, 2001. "Simulating the transmission of wealth inequality via bequests," Journal of Public Economics, Elsevier, vol. 79(1), pages 93-128, January.
    2. Irene Brunetti & Davide Fiaschi, 2015. "Occupational Mobility across Generations: a Theoretical Model with an Application to Italy," Discussion Papers 2015/205, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    3. Michael Kremer, 1997. "How Much does Sorting Increase Inequality?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(1), pages 115-139.
    4. Azevedo, Viviane & Bouillon, César P., 2009. "Social Mobility in Latin America: A Review of Existing Evidence," IDB Publications (Working Papers) 1656, Inter-American Development Bank.
    5. Jørgen Modalsli & Kelly Vosters, 2024. "Spillover Bias in Multigenerational Income Regressions," Journal of Human Resources, University of Wisconsin Press, vol. 59(3), pages 743-776.
    6. Zhang, Yingqiang & Eriksson, Tor, 2010. "Inequality of opportunity and income inequality in nine Chinese provinces, 1989-2006," China Economic Review, Elsevier, vol. 21(4), pages 607-616, December.
    7. Cobb-Clark, Deborah A. & Dahmann, Sarah C. & Salamanca, Nicolás & Zhu, Anna, 2022. "Intergenerational disadvantage: Learning about equal opportunity from social assistance receipt," Labour Economics, Elsevier, vol. 79(C).
    8. Dodin, Majed & Findeisen, Sebastian & Henkel, Lukas & Sachs, Dominik & Schüle, Paul, 2021. "Social Mobility in Germany," Rationality and Competition Discussion Paper Series 298, CRC TRR 190 Rationality and Competition.
    9. Cassandra Robertson & Rourke O’Brien, 2018. "Health Endowment at Birth and Variation in Intergenerational Economic Mobility: Evidence From U.S. County Birth Cohorts," Demography, Springer;Population Association of America (PAA), vol. 55(1), pages 249-269, February.
    10. Corak, Miles & Curtis, Lori & Phipps, Shelley, 2010. "Economic Mobility, Family Background, and the Well-Being of Children in the United States and Canada," IZA Discussion Papers 4814, Institute of Labor Economics (IZA).
    11. Galassi, Gabriela & Koll, David & Mayr, Lukas, 2019. "The Intergenerational Correlation of Employment: Is There a Role for Work Culture?," IZA Discussion Papers 12595, Institute of Labor Economics (IZA).
    12. Yuksel, Mutlu, 2009. "Intergenerational Mobility of Immigrants in Germany: Moving with Natives or Stuck in their Neighborhoods?," IZA Discussion Papers 4677, Institute of Labor Economics (IZA).
    13. Malcolm Keswell, 2004. "Non‐Linear Earnings Dynamics In Post‐Apartheid South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 72(5), pages 913-939, December.
    14. Bhashkar Mazumder, 2014. "Black–White Differences in Intergenerational Economic Mobility in the U.S," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I.
    15. repec:dau:papers:123456789/4994 is not listed on IDEAS
    16. Parantap Basu & Alessandra Guariglia, 2004. "Inequality and Industrialization," CDMA Conference Paper Series 0401, Centre for Dynamic Macroeconomic Analysis.
    17. Chenhong Peng & Paul Siu Fai Yip & Yik Wa Law, 2019. "Intergenerational Earnings Mobility and Returns to Education in Hong Kong: A Developed Society with High Economic Inequality," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(1), pages 133-156, May.
    18. Cooper, Daniel & Luengo-Prado, María José, 2015. "House price growth when children are teenagers: A path to higher earnings?," Journal of Urban Economics, Elsevier, vol. 86(C), pages 54-72.
    19. Shinichi Nishiyama, 2002. "Bequests, Inter Vivos Transfers, and Wealth Distribution," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(4), pages 892-931, October.
    20. Paul Gregg & Lindsey Macmillan & Claudia Vittori, 2017. "Moving Towards Estimating Sons' Lifetime Intergenerational Economic Mobility in the UK," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 79(1), pages 79-100, February.
    21. Roland Benabou, 2002. "Tax and Education Policy in a Heterogeneous-Agent Economy: What Levels of Redistribution Maximize Growth and Efficiency?," Econometrica, Econometric Society, vol. 70(2), pages 481-517, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:quaeco:v:48:y:2008:i:2:p:263-273. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620167 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.