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dc.contributor.authorStrulik, Holgeren_US
dc.date.accessioned2010-09-13T15:00:24Z-
dc.date.available2010-09-13T15:00:24Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/39930-
dc.description.abstractThis article investigates economic performance when enforceable property rights are missing and subsistence needs matter. It shows that if per capita income is sufficiently high, a windfall gain in productivity triggers behavior that leads to higher growth (the normal reaction). The same shock can produce voracious behavior and lower growth when faced by poor economic agents, in particular when their productivity is low and their society is largely fractionalized. This leads to a re-assessment of the voracity effect. Economic and social performance depends no longer on character traits (the assumed curvature of the utility function) as assumed in the earlier literature. Instead, the initial degree of development, the state of technology, and the make up of society are decisive. An extension towards a two-sector economy shows that conditions for an active informal sector of low productivity are much less restrictive than originally thought.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik, Ausschuss für Entwicklungsländer Göttingenen_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Frankfurt a.M. 2009 36en_US
dc.subject.jelO11en_US
dc.subject.jelO13en_US
dc.subject.jelD74en_US
dc.subject.jelP48en_US
dc.subject.ddc330en_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordproperty rightsen_US
dc.subject.keywordcommon pool resourcesen_US
dc.subject.keywordvoracityen_US
dc.subject.keywordfractionalizationen_US
dc.titleVoracity and Growth Reconsidereden_US
dc.typeConference Paperen_US
dc.identifier.ppn654206422-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec09:36-
Appears in Collections:Proceedings of the German Development Economics Conference, 2009 (Frankfurt a.M.)

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