Appropriation, Property Rights Institutions, and International Trade

Christodoulos Stefanadis

American Economic Journal: Economic Policy, 2010, vol. 2, issue 4, 148-72

Abstract: In producer-friendly economies—economies that are ruled by productive agents and have strong property rights institutions—international trade causes an institutional improvement and an aggregate shift of talent towards production, and away from socially wasteful appropriation. However, in predator-friendly economies—economies that are ruled by rent seekers and have weak institutions—international trade leads to an institutional deterioration, and a more unfavorable talent allocation. (JEL D72, F12, K11)

JEL-codes: D72 F12 K11 (search for similar items in EconPapers)
Date: 2010
Note: DOI: 10.1257/pol.2.4.148
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Citations: View citations in EconPapers (17)

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