| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3258 |
| DP3258 Stable Coalitions | |
| Carlo Carraro; Carmen Marchiori | |
| 发表日期 | 2002-03-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Because of its inappropriability, protection of property rights is widely recognized as being the state?s responsibility. Moreover, recent empirical evidence suggests that it leads to higher investment levels and faster growth. Nevertheless, the extent of property rights protection differs significantly across countries. This Paper endogenizes the emergence of property rights within a simple growth framework. Drawing on North (1990), we present a model where economic performance and enforcement of property rights may reinforce each other. Depending on initial conditions, the economy can converge to a high-income or a low-income steady state. The existing empirical evidence seems to offer a tentative support for this theory. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Enforcement of property rights Economic growth |
| URL | https://cepr.org/publications/dp3258 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532285 |
| 推荐引用方式 GB/T 7714 | Carlo Carraro,Carmen Marchiori. DP3258 Stable Coalitions. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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