Why not Africa? -- Growth and Welfare Effects of Secure Property Rights
AbstractThe 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Hamburg University, Department of Economics in its series Quantitative Macroeconomics Working Papers with number 19909.
Date of creation: Oct 1999
Date of revision:
Contact details of provider:
Postal: Von-Melle-Park 5 D-20146 Hamburg
Phone: : +49 (0)40 42838-4674
Fax: +49 (0)40 42838-5546
Web page: http://www.uni-hamburg.de/onTEAM/grafik/1223630633/RePec/ham
More information through EDIRC
Other versions of this item:
- Ines Lindner & Holger Strulik, 2004. "Why not Africa? -- Growth and Welfare Effects of Secure Property Rights," Public Choice, Springer, vol. 120(1_2), pages 143-167, 07.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Strulik, Holger, 2012.
"Poverty, voracity, and growth,"
Journal of Development Economics,
Elsevier, vol. 97(2), pages 396-403.
- Strulik, Holger, 2011. "Poverty, Voracity, and Growth," Diskussionspapiere der Wirtschaftswissenschaftlichen FakultÃ¤t der Leibniz UniversitÃ¤t Hannover dp-473, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Tenryu, Yohei, 2013. "The Role of the Private Sector under Insecure Property Rights," MPRA Paper 50727, University Library of Munich, Germany.
- Ngo Van Long & Gerhard Sorger, 2004.
"Insecure Property Rights and Growth: The Roles of Appropriation Costs, Wealth Effects, and Heterogeneity,"
CESifo Working Paper Series
1253, CESifo Group Munich.
- Ngo Long & Gerhard Sorger, 2006. "Insecure property rights and growth: the role of appropriation costs, wealth effects, and heterogeneity," Economic Theory, Springer, vol. 28(3), pages 513-529, 08.
- Brigitte Desroches & Michael Francis, 2006. "Institutional Quality, Trade, and the Changing Distribution of World Income," Working Papers 06-19, Bank of Canada.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.