Armando Razo
Biographic Data
| ID | 1156151 |
|---|---|
| NAME | Armando Razo |
| GIVEN NAMES | Armando |
| FAMILY NAME | Razo |
| SIGNATURE | RAZO A |
| AFFILIATIONS | Stanford University |
| ORCID | 0000-0003-3274-7312 |
| VERIFIED | Yes |
| TOTAL WORKS | 8 |
| TOTAL CITATIONS | 20 |
| WORKS AS AUTHOR | 8 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1998 |
| LATEST PUBLICATION YEAR | 2021 |
| H-INDEX | 2 |
Network structure and performance of crony capitalism systems credible commitments without democratic institutions
Social dilemmas with manifest and unknown networks
Scholarly consensus that social ties resolve social dilemmas is largely predicated on common knowledge of networks. But what happens when people do not know all relevant social ties? Does network uncertainty translate into worse outcomes? I address these concerns by advancing the notion of a Network Estimation Bayesian Equilibrium to examine cooperative behavior under different epistemic conditions. When networks are common knowledge, I find that…
Integration of Contextual Data
This chapter discusses a conceptual framework that clarifies the nature and importance of context in social scientific research. It first explains how context fits into survey analysis, then addresses major problems that hamper use and collection of contextual data: vague or incomplete conceptual definitions of “context” and lack of methodological guidance to collect and analyze contextual data. It suggests that systematic research and cumulative…
Strategic embeddedness and the microfoundations of collective action
Typical accounts of the ability of social networks to enable collective action focus on either whole group or individual advantages. Adding an intermediate perspective, this paper advances a core notion of strategic embeddedness that applies to social interactions involving a subset of society. Strategic embeddedness is modeled with a game-theoretic approach that places an otherwise isolated game into a broader social structure. To facilitate a c…
The Politics of Property Rights
This book, first published in 2003, addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle, it advances a theory about property rights systems in many less developed countries. In this theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a priv…
When the Law Does Not Matter
Changes in formal institutions do not always affect economic outcomes. When an industry has specific technological features that limit a government's ability to expropriate it, or when the industry is able to call on foreign governments to enforce its de facto property rights, economic agents can easily mitigate changes in formal institutions designed to reduce these property rights. We explore the Mexican oil industry from 1911 to 1929 and demon…
Political Instability And Economic Performance
What is the relationship between political instability and economic growth? This article examines this question using insights from the new institutional economics applied to a canonical case: revolutionary Mexico. The authors argue that investment and growth during and after the revolution were less affected by political instability than one might predict based on the extant theoretical and empirical literature. They find that while investor exp…
The Rate of Growth of Productivity in Mexico, 1850-1933
This article employs previously unused data sources and techniques in order to estimate labour productivity and total factor productivity in the Mexican cotton textile industry over the period 1850-1933. Our findings indicate: (1) substantial productivity growth prior to the Porfiriato; (2) rapid productivity growth throughout the Porfiriato; (3) a swift, though incomplete, recovery from the Revolution during the 1920s; and, (4) an insignificant …
When the Law Does Not Matter
Changes in formal institutions do not always affect economic outcomes. When an industry has specific technological features that limit a government's ability to expropriate it, or when the industry is able to call on foreign governments to enforce its de facto property rights, economic agents can easily mitigate changes in formal institutions designed to reduce these property rights. We explore the Mexican oil industry from 1911 to 1929 and demon…
Political Instability And Economic Performance
What is the relationship between political instability and economic growth? This article examines this question using insights from the new institutional economics applied to a canonical case: revolutionary Mexico. The authors argue that investment and growth during and after the revolution were less affected by political instability than one might predict based on the extant theoretical and empirical literature. They find that while investor exp…
The Rate of Growth of Productivity in Mexico, 1850-1933
This article employs previously unused data sources and techniques in order to estimate labour productivity and total factor productivity in the Mexican cotton textile industry over the period 1850-1933. Our findings indicate: (1) substantial productivity growth prior to the Porfiriato; (2) rapid productivity growth throughout the Porfiriato; (3) a swift, though incomplete, recovery from the Revolution during the 1920s; and, (4) an insignificant …
Political Instability And Economic Performance
What is the relationship between political instability and economic growth? This article examines this question using insights from the new institutional economics applied to a canonical case: revolutionary Mexico. The authors argue that investment and growth during and after the revolution were less affected by political instability than one might predict based on the extant theoretical and empirical literature. They find that while investor exp…
The Rate of Growth of Productivity in Mexico, 1850-1933
This article employs previously unused data sources and techniques in order to estimate labour productivity and total factor productivity in the Mexican cotton textile industry over the period 1850-1933. Our findings indicate: (1) substantial productivity growth prior to the Porfiriato; (2) rapid productivity growth throughout the Porfiriato; (3) a swift, though incomplete, recovery from the Revolution during the 1920s; and, (4) an insignificant …
The Politics of Property Rights
This book, first published in 2003, addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle, it advances a theory about property rights systems in many less developed countries. In this theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a priv…
When the Law Does Not Matter
Changes in formal institutions do not always affect economic outcomes. When an industry has specific technological features that limit a government's ability to expropriate it, or when the industry is able to call on foreign governments to enforce its de facto property rights, economic agents can easily mitigate changes in formal institutions designed to reduce these property rights. We explore the Mexican oil industry from 1911 to 1929 and demon…
Integration of Contextual Data
This chapter discusses a conceptual framework that clarifies the nature and importance of context in social scientific research. It first explains how context fits into survey analysis, then addresses major problems that hamper use and collection of contextual data: vague or incomplete conceptual definitions of “context” and lack of methodological guidance to collect and analyze contextual data. It suggests that systematic research and cumulative…
Strategic embeddedness and the microfoundations of collective action
Typical accounts of the ability of social networks to enable collective action focus on either whole group or individual advantages. Adding an intermediate perspective, this paper advances a core notion of strategic embeddedness that applies to social interactions involving a subset of society. Strategic embeddedness is modeled with a game-theoretic approach that places an otherwise isolated game into a broader social structure. To facilitate a c…
Social dilemmas with manifest and unknown networks
Scholarly consensus that social ties resolve social dilemmas is largely predicated on common knowledge of networks. But what happens when people do not know all relevant social ties? Does network uncertainty translate into worse outcomes? I address these concerns by advancing the notion of a Network Estimation Bayesian Equilibrium to examine cooperative behavior under different epistemic conditions. When networks are common knowledge, I find that…
Network structure and performance of crony capitalism systems credible commitments without democratic institutions
Economics (7 works) · Law (6 works) · Political science (6 works) · Law and economics (4 works) · Microeconomics (4 works) · Politics (4 works) · Computer Science (3 works) · Corruption and Economic Development (3 works) · Culture, Economy, and Development Studies (3 works) · Experimental Behavioral Economics Studies (3 works)