Poverty, Voracity, and Growth

This article investigates economic performance when enforceable propertyrights are missing and basic needs matter for consumption. It suggests anew view of the so-called voracity eect according to which windfall gains inproductivity induce behavior that leads to lower economic growth. Takinginto account that the rate of intertemporal substitution in consumption dependson the level of consumption, it is shown that \voracious behavior" issituation-specic...

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Year of publication:	2011-05-01
Authors:	Strulik, Holger
Institutions:	Universität <Hannover> / Wirtschaftswissenschaftliche Fakultät
Subject:	Eigentum \| estate \| Wirtschaftswachstum \| Öffentliches Gut \| Public Property \| Begierde \| Spaltung \| fractionalization

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Extent:	257024 bytes 21 p. application/pdf
Series:	Leibniz Universität Hannover - Wirtschaftswissenschaftliche Fakultät - Diskussionspapiere Discussion Paper ; No. 473 (2011)
Type of publication:	Book / Working Paper
Language:	English
ISSN:	0949-9962
Classification:	D74 - Conflict; Conflict Resolution; Alliances ; O11 - Macroeconomic Analyses of Economic Development ; O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products ; P48 - Legal Institutions; Property Rights ; Business administration. General ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009302589