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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Institutions of conflict management and economic growth in the European Union |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Kyklos |
| Publisher | Wiley-Blackwell Publishing, Inc. |
| Geographical Reach | international |
| ISSN | 0023-5962 |
| Volume | 54 |
| Number | 4 |
| Page Range | 509 - 531 |
| Date | 2001 |
| Abstract Text | High-quality institutions of conflict management can serve to mitigate the negative effects of adverse external shocks and social conflict on long-run economic growth. But in addition to the benefits (production-enhancing cooperation), there are also costs (taxes and rent-seeking) of conflict-management institutions like corporatism and trust. We examine both positive and negative influences in the context of a simple growth model. Contrary to previous research, we predict a non-linear relationship between institutions and growth. The empirical evidence from a panel for the years 1961-1995 shows that neo-corporatism and trust have each had independent positive effects on long-run growth in the EU, suggesting that the diminishing product range of institutions has not yet been reached. Under an increasing size of government, however, both institutions lead to a dominating negative rent-seeking effect. |
| Digital Object Identifier | 10.1111/1467-6435.00167 |
| Other Identification Number | merlin-id:9304 |
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