State of Economics Conference Discussion Francesco Caselli A - - PowerPoint PPT Presentation

state of economics conference discussion
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State of Economics Conference Discussion Francesco Caselli A - - PowerPoint PPT Presentation

State of Economics Conference Discussion Francesco Caselli A Growth Taxonomy Income p.c. Time Ingredients of a theory of the kink Lucky draw from population of possible leaders Growth oriented and competent rather than (solely)


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State of Economics Conference Discussion

Francesco Caselli

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A Growth Taxonomy

Time Income p.c.

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Ingredients of a theory of “the kink”

  • Lucky draw from population of possible leaders
  • Growth oriented and competent rather than (solely) kleptocratic and/or

incompetent

  • Sustained long enough to trigger cultural change …
  • Meritocracy, less acceptance of corruption, expectations of continued growth,

success through entrepreneurship

  • … but not so long that leader’s focus becomes own survival in power