Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/39930 
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dc.contributor.authorStrulik, Holgeren
dc.date.accessioned2010-09-13T15:00:24Z-
dc.date.available2010-09-13T15:00:24Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik, Ausschuss für Entwicklungsländer |cGöttingenen
dc.relation.ispartofseries|aProceedings of the German Development Economics Conference, Frankfurt a.M. 2009 |x36en
dc.subject.jelO11en
dc.subject.jelO13en
dc.subject.jelD74en
dc.subject.jelP48en
dc.subject.ddc330en
dc.subject.keywordeconomic growthen
dc.subject.keywordproperty rightsen
dc.subject.keywordcommon pool resourcesen
dc.subject.keywordvoracityen
dc.subject.keywordfractionalizationen
dc.titleVoracity and Growth Reconsidered-
dc.typeConference Paperen
dc.identifier.ppn654206422en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:gdec09:36en

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