BREAD Working Paper N0. 578, June 2020

Political Power, Elite Control, and Long-Run Development: Evidence from Brazil Claudio Ferraz, Frederico Finan, Monica Martinez-Bravo Abstract This paper analyzes how changes in the concentration of political power affect long-run development. We study Brazil’s military dictatorship whose rise to power dramatically altered the distribution of power of local political elites. We document that municipalities that […]