| Reference : Property Rights, Public Enforcement, and Growth |
| Scientific journals : Article | |||
| Business & economic sciences : Macroeconomics & monetary economics | |||
| http://hdl.handle.net/10993/18012 | |||
| Property Rights, Public Enforcement, and Growth | |
| English | |
Irmen, Andreas  [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >] | |
| Kuehnel, Johanna [University of Heidelberg > Department of Economics] | |
| 2014 | |
| Scandinavian Journal of Economics | |
| Blackwell Publishing | |
| 116 | |
| 797-819 | |
| Yes (verified by ORBilu) | |
| International | |
| 0347-0520 | |
| Oxford | |
| United Kingdom | |
| [en] Technological Change ; Economic Development ; Public Employment | |
| [en] 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. | |
| Researchers ; Students | |
| http://hdl.handle.net/10993/18012 |
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