Seize the State, Seize the Day: State Capture, Corruption and Influence in Transition

ArXiv ID: ssrn-240555 “View on arXiv”

Authors: Unknown

Abstract

In a decade of transition, fear of a leviathan state is giving way to increased focus on oligarchs who “capture the state.” In the capture economy, th

Keywords: Capture Economy, Political Economy, Emerging Markets, Sovereign Risk, Institutional Economics, Macro / Sovereign

Complexity vs Empirical Score

• Math Complexity: 2.0/10
• Empirical Rigor: 8.0/10
• Quadrant: Street Traders
• Why: The paper relies on econometric analysis of a large firm-level dataset (BEEPS) with clear empirical measures and policy implications, but uses relatively low-level statistical methods without advanced mathematical modeling.

  flowchart TD
    A["Research Goal:<br>Quantify State Capture Impact<br>on Investment & Growth"] --> B["Methodology:<br>Panel Regression Analysis"]
    B --> C["Data Inputs:<br>Sovereign Risk Metrics &<br>Corruption Indices"]
    C --> D["Computation:<br>Fixed Effects Model<br>Estimating Coefficients"]
    D --> E{"Key Findings/Outcomes"}
    E --> F["Capture Raises<br>Sovereign Risk Premium"]
    E --> G["Reduced FDI &<br>Capital Formation"]
    E --> H["Institutional Quality<br>is Key Moderator"]