TY  - SER
AU  - Bisin, Alberto
AU  -  Verdier, Thierry
TI  - On the Joint Evolution of Culture and Political Institutions: Elites and Civil Society
SN  - 0022-3808
PB  - Journal of Political Economy
KW  -  Civil Society
KW  -  Culture and Political Institutions
KW  -  Socioeconomic Activity
KW  - Political Economy
N2  - We provide an abstract model of the interaction between culture and political institutions. The model is designed to study the political economy of elites and civil society on the determination of long-run socioeconomic activity. We characterize conditions such that the cultural traits of elites and civil society and the institutions determining their relative political power complement (substitute) each other, giving rise to a multiplier effect that amplifies (dampens) their combined ability to spur socioeconomic activity. We show how the joint dynamics may display hysteresis and oscillations, depending on the form of the interaction between elites and civil society
UR  - https://www.journals.uchicago.edu/doi/10.1086/727711
ER  -