15 Amendment

In: Science

Submitted By kamrul2244
Words 1542
Pages 7
Introduction :
From ancient Pharaohs to modern-day Presidents and Prime Ministers, leaders who belong to dynasties are a common feature of the political landscape.Just as in the case of family-run,the existence of dynastic leaders raises the question of whether they are good or bad for economic performance at the country level. Political dynasties have long been present in democracies, raising concerns that inequality in the distribution of political power may reflect imperfections in democratic representation.

WHY DYNASTY?
The characteristics of political leaders matter depends on how much discretionary authority they employ. In particular, if executive con- straints are weak, selection through dynasties could be important, especially if leadership competence is transmitted across generations through either nature or nurture. Moreover, dynastic selection of leaders based on their competence will result in a positive correlation between economic perfor-mance and having a dynastic leader in o¢ ce. Dynasties will also become established and survive based on economic performance.

Selection through Dynasties
We use an extremely simple adverse selection model to illustrate the main ideas and to motivate the empirical test. While there are many simplifying features built into the model, it is based on two core ideas: (i) internal controls (executive constraints) lowers the economic cost of having incompetent leaders (ii) if internal controls are ab-sent, then performance-related selection is valuable and will lead to selection through dynasties if there is a positive correlation of leadership competence within families.

The two major political parties in Bangladesh are dynastic, like other wellknown parties in South Asia. Political dynasty means a prominent political family runs the party. This restricts the level of internal democracy of the parties: decision-making,…...

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