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Cited by 154Economic Growth and ProductivityEconomic Theory and InstitutionsEconomic theories and models

Predation and accumulation

Open access
Grossman, Herschel, Kim, Minseong·1995·Journal of Economic Growth
DOI 10.3386/w5357
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Abstract

This article incorporates the economic theory of predation into the theory of economic growth. The analytical framework is a general-equilibrium model of the interaction between two dynasties: a potential predator and its prey. We find that the rate of accumulation of capital and the security of property are positively related only for generations of the prey dynasty that tolerate predation. Generations of the prey dynasty that choose to deter predation, even though their property is perfectly secure, accumulate productive capital more slowly than the preceding generations that tolerated predation.

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Authors
Grossman, H., & Kim, M.
Affiliations
  • Brown University (US)
  • University of Pittsburgh (US)
ORCID
Kim, Minseong
Venue
Journal of Economic Growth
Publisher
National Bureau of Economic Research
Published
1995-11
Volume
1
Issue
3
Pages
333-350
ISSN
1381-4338 (ISSN-L)
DOI
10.3386/w5357
OpenAlex
W1982801467
Cited by
154
References
19
Citations by year
2026: 3 · 2024: 3 · 2022: 2 · 2021: 3 · 2020: 7 · 2019: 6 · 2018: 5 · 2017: 3 · 2016: 3 · 2015: 4 · 2014: 8 · 2013: 5 · 2012: 6
FWCI
4.70
Type
journal article
Language
en
Open access
Locations
  • Journal of Economic Growth (publishedVersion)
  • National Bureau of Economic Research (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Funders
University of Pennsylvania
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Theory and Institutions
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
Keywords
predation, capital accumulation, economic growth, property rights, property security, dynasties, general equilibrium model, rent-seeking

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