Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54933
Authors: 
Irmen, Andreas
Kuehnel, Johanna
Year of Publication: 
2011
Series/Report no.: 
CESifo working paper: Fiscal Policy, Macroeconomics and Growth 3668
Abstract: 
We study the link between public enforcement of property rights, innovation investments, and economic growth in an endogenous growth framework with an expanding set of product varieties. We find that a government may assure positive equilibrium growth through public employment in the enforcement of property rights, if the economic environment is sufficiently favorable to growth and/or public enforcement is sufficiently effective. However, in terms of welfare an equilibrium path without property rights protection and growth might be preferable. In this case the enforcement of property rights involves too much reallocation of labor from production and research towards the public sector.
Subjects: 
technological change
economic development
property rights
public employment
JEL: 
O10
H11
D23
Document Type: 
Working Paper

Files in This Item:
File
Size
425.14 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.