The cost of diversity: Endogenous property rights and growth (original) (raw)
Related papers
Why not Africa? -- Growth and Welfare Effects of Secure Property Rights
Public Choice, 2000
The paper presents the long-run equilibrium and development dynamics in the neoclassical growth model and a simple model of endogenous growth when property rights are absent. The results are compared to the outcome in a corresponding model economy with secure property rights. The main findings are that there exists a considerable gain in level and growth of consumption from establishing secure property rights, that economic performance without property rights worsens with increasing number of competing groups, and that the existence, or absence of property rights explains conditional convergence.
Property Rights and Economic Growth
2013
s downloaded 86 50* 19 39 44 Titles forward/ backwards searched 9 7 2 4 0 Full titles downloaded from Scopus 47 43 21 40 39 2.2 Derivation of the evidence base In this section, we discuss the potential impact of the search strategy and evidence quality assessment criteria in deriving the evidence base that underpins the key finding of the Briefing Papers. 2.2.1 Issues raised by the search strategy Although the strategy was designed to do a wide-ranging search and include as many relevant studies as possible, the results of the search process highlighted some potential bias towards particular types of studies and evidence, namely:
THE INFLUENCE OF NATIONAL DIVERSITY ON ECONOMIC GROWTH
academic.edu, 2024
The concept of national diversity, encompassing the coexistence of various cultural, ethnic, linguistic, and social groups within a nation, has become increasingly significant in the context of globalization. As countries around the world experience heightened migration, urbanization, and demographic shifts, the role of national diversity in economic growth has garnered widespread attention. In many nations, diversity is not just a demographic feature but a dynamic driver of economic transformation. It presents both opportunities and challenges, influencing key economic sectors, labour markets, innovation systems, and even national policy frameworks. By understanding the ways in which diversity impacts economic growth, policymakers and business leaders can better harness its potential for creating prosperous and resilient economies. The focus of this article is to explore the various ways in which national diversity can influence economic growth and encourage policymakers and leaders to develop strategies that capitalize on the strengths of a diverse society, ultimately driving economic progress.
The Relationship between Property Rights and Economic Growth: an Analysis of OECD and EU Countries
DANUBE: Law and Economics Review, 2015
In recent years, institutions and institutional structure have become some of the most popular concepts analyzed by economics theory. New growth theories have especially focused on the effects of institutions and institutional structure on a macro level. Property rights are one of the most important elements of this institutional structure. The relationship between property rights and economic growth have drawn the attention of many researchers and policymakers in recent years. The aim of this study, covering the period 2007–2014, is to examine the relationship between property rights and economic growth with the help of PARDL in OECD and EU countries. According to the result of a bounds test, there is cointegration between the variables. The long- and short-term relationships between series were determined and the results taken from the analysis show that there is a positive effect on economic growth in those countries.
2000
We analyse the long-run equilibrium and adjustment dynamics in three popular models of economic growth when property rights are absent. The results are compared to the outcome in the corresponding economy with secure property rights.
Property Rights and Economic Growth in OAPI 1 Countries : Case of WAEMU 2 Countries
2015
The objective of this paper is to analyse the relationship between property rights protection and economic growth in WAEMU countries. Using panel data on seven (7) WAEMU countries from 1995 to 2013, we apply the Pool Mean Group approach to a linear model and we found that, in the long term, property rights influence positively the economic growth in WAEMU countries. But this relation is negative in the short-term. We apply the endogenous threshold estimation technique of Hansen (2000) that focuses on the search for a critical level of property rights.Results provide strong evidence for the existence of such a threshold.Below this threshold the influence of property rights on the economic growth is negative or statistically not significant. But beyond this threshold, this effect is positive and statistically significant.
Property Rights and Economic Growth in OAPI Countries: Case of WAEMU Countries
Asian Journal of Humanities and Social Studies, 2015
The objective of this paper is to analyse the relationship between property rights protection and economic growth in WAEMU countries. Using panel data on seven (7) WAEMU countries from 1995 to 2013, we apply the Pool Mean Group approach to a linear model and we found that, in the long term, property rights influence positively the economic growth in WAEMU countries. But this relation is negative in the short-term. We apply the endogenous threshold estimation technique of Hansen (2000) that focuses on the search for a critical level of property rights.Results provide strong evidence for the existence of such a threshold.Below this threshold the influence of property rights on the economic growth is negative or statistically not significant. But beyond this threshold, this effect is positive and statistically significant.
Effective property rights, conflict and growth
Journal of Economic Theory, 2007
This paper develops a theory of the interaction between appropriative conflict and economic growth. Appropriative conflict, as measured by the diversion of resources, is viewed as the cost of securing effective property rights. We identify conditions under which conflict rises or falls as the rate of economic growth improves. The main implication of the analysis is that if the quality of property rights is sufficiently poor then faster economic growth stimulates the allocation of resources to appropriative activities and might result in decreased social welfare.
Why Not Africa? - On Growth and Welfare Eects of Secure Property Rights
2002
The paper presents the long-run equilibrium and development dynamics in the neoclassical growth model and a simple model of endogenous growth when property rights are absent. The results are compared to the outcome in a corresponding model economy with secure property rights. The main findings are that there exists a considerable gain in level and growth of con- sumption from
Is Democracy Beneficial for Growth in Countries with Low Ethnic Diversity?
2000
We study the impact of democracy on economic growth for a panel of the most and least ethnically diverse nations as documented by Easterly and Levine (1997). Using a GMM system to capture endogeneity and simultaneity, we find that democracy exerts a direct positive impact on growth, in addition to ameliorating the adverse effects of ethnic diversity on growth, unlike