The voracity effect

Article Abstract:

An economy that has many powerful groups and lacks strong political and legal institutions is analyzed using a dynamic model of economic growth. The results showed that the presence of powerful groups causes an economy to grow more slowly compared to an economy with powerless groups. The decline in economic performance is also explained by the voracity effect which is a more-than-proportional increase in redistribution in response to a trade windfall. A negative relationship between improvements in raw rates of return and growth is generated in equilibrium by the effect.

Research, Economic aspects, Developing countries, Economic development, Distribution (Economics)

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Competition, policy burdens, and state-owned enterprise reform

Article Abstract:

An analysis of competition, policy constraints and privatization activities reveals that state-owned business enterprises (SOEs) stand to benefit from any government move that will seek to remove policy burdens. The removal of policy burdens coupled with efforts to level their playing field would allow SOEs to resist unnecessary political interventions and allow the state to impose hard budget constraints on them.

Economics, Research and Development in the Social Sciences and Humanities, Analysis, Management, Economic policy, Privatization, Privatization (Business), Government business enterprises, Public enterprises

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