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Endogenous growth, land and intemporal efficiency

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  • Peter Stauvermann

    (University of Rostock - Institute of Economics)

Abstract

In this paper we show in an endogenous growth model that the private property of land reduces the growth rate. The reason for this is that the private property of land crowds out growth-enhancing investments. This result will occur if the land is traded or if the land is bequeathed. Additionally we show that it is possible to increase the growth-rate without harming any generation.

Suggested Citation

  • Peter Stauvermann, 2002. "Endogenous growth, land and intemporal efficiency," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 10(1), pages 63-77.
    • Handle: RePEc:hid:journl:v:10:y:2002:1:5:p:63-77
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    References listed on IDEAS

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    8. Feldstein, Martin S, 1977. "The Surprising Incidence of a Tax on Pure Rent: A New Answer to an Old Question," Journal of Political Economy, University of Chicago Press, vol. 85(2), pages 349-360, April.
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    Cited by:

    1. Stauvermann, Peter J. & Ky, Sereyvath & Nam, Gi-Yu, 2013. "The Costs of Increasing the Fertility Rate in an Endogenous Growth Model," MPRA Paper 46381, University Library of Munich, Germany.
    2. Shulu Che & Ronald Ravinesh Kumar & Peter J. Stauvermann, 2021. "Taxation of Land and Economic Growth," Economies, MDPI, vol. 9(2), pages 1-20, April.

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