Economics - Research Publications

Permanent URI for this collection

http://hdl.handle.net/11343/417

Filters

2004 1
1 1
Reset filters

Settings
Statistics
Citations
End date: 2004 × Start date: 2004 × Type: Preprint × Subject: Africa ×

Search Results

Now showing 1 - 1 of 1
  • Item
    Thumbnail Image
    Explaining Africa’s Growth Tragedy: A Theoretical Model of Dictatorship and Kleptocracy
    CHOU, YUAN ; Khan, Hayat ( 2004-11)
    In this paper, we construct a dynamic model of a kleptocratic dictatorship to explainsub-Saharan Africa’s dismal economic performance between the early 1970s and themid-1990s. The dictator’s objective is to maximize a discounted stream of revenuegenerated through theft of the economy’s output by choosing the optimal expropriationrate and the size of the security force employed to enforce his rule. The model is used toevaluate alternative intervention options open to developed countries such asunconditional, conditional and selective foreign aid, financial and military assistance torebel groups, as well as medical relief to combat the HIV/AIDs pandemic.