Measuring Elite Quality

Item Type Monograph (Working Paper)
Abstract

The aim of this paper is two-fold. Firstly, we present a methodology to measure the novel concept of elite quality (EQ), that is, country’s elites’ propensity– on aggregate – to create value, rather than rent seek. A four-level architecture allows for both an overall quantification of a country’s EQ, as well as an in-depth analysis of specific political economy dimensions, such as elite power. Secondly, the Elite Quality Index (EQx) is brought to life using data on 72 indicators for 32 countries. Our index negatively correlates with inequality measures, which suggests that more powerful elites less inclined to run value creation business models will exacerbate inequality. A variety of robustness tests suggest that the EQx scores and ranking are robust to ceteris paribus changes in key modelling assumptions. Thus, the EQx offers a reliable framework and new tool to analyze the political economy of countries.

Authors Casas Klett, Tomas; Cozzi, Guido; Diebold, Céline Marie & Zeller, Camille
Language English
Subjects business studies
economics
political science
HSG Profile Area SEPS - Economic Policy
Date 25 July 2020
Contact Email Address guido.cozzi@unisg.ch
Depositing User Céline Marie Diebold
Date Deposited 21 Oct 2020 09:50
Last Modified 21 Oct 2020 09:53
URI: https://www.alexandria.unisg.ch/publications/261248

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Citation

Casas Klett, Tomas; Cozzi, Guido; Diebold, Céline Marie & Zeller, Camille: Measuring Elite Quality. , 2020,

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https://www.alexandria.unisg.ch/id/eprint/261248
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