Workshops or Barracks? Productive versus Enforcive Investment and Economic Performance

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Workshops or Barracks? Productive versus Enforcive Investment and Economic Performance

Author Info

Lee, J.
Skaperdas, S.

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Abstract

For many countries in the world today and for much of history, investment in ordinary productive capital has been overshadowed by investment in enforcive capital: castles and siege machines; tanks, missiles and army barracks. We introduce a dynamic model which allows for investment in the latter form of capital, in which competing groups contest output through their holdings of enforcive capital. We show how investment in productive capital declines in relation to enforcive investment as the number of competing groups increases, and how this leads to a decline in steady-state output and welfare.

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Publisher Info
Paper provided by California Irvine - School of Social Sciences in its series Papers with number 97-98-20.

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Length: 17 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:calirv:97-98-20

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Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.

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Related research
Keywords: INVESTMENTS ; CAPITAL;

Find related papers by JEL classification:
E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity

Cited by:
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Jose-Luis Evia & Roberto Laserna & Stergios Skaperdas, 2008. "Socio-Political Conflict and Economic Performance in Bolivia," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
Other versions:
- Jose Luis Evia & Roberto Laserna & Stergios Skaperdas, 2008. "Socio-Political Conflict and Eonomic Performance in Bolivia," Working Papers 070814, University of California-Irvine, Department of Economics. [Downloadable!]
Michelle R. Garfinkel & Stergios Skaperdas, 2006. "Economics of Conflict: An Overview," Working Papers 050623, University of California-Irvine, Department of Economics, revised Sep 2006. [Downloadable!]
Other versions:
- Garfinkel, Michelle R. & Skaperdas, Stergios, 2007. "Economics of Conflict: An Overview," Handbook of Defense Economics, Elsevier. [Downloadable!] (restricted)

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