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