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Workshops or Barracks? Productive versus Enforcive Investment and Economic Performance

Author

Listed:
  • Lee, J.
  • Skaperdas, S.

Abstract

For many countries in the world today and for much of history, investment in ordinary productive capital has been overshadowed by investment in enforcive capital: castles and siege machines; tanks, missiles and army barracks. We introduce a dynamic model which allows for investment in the latter form of capital, in which competing groups contest output through their holdings of enforcive capital. We show how investment in productive capital declines in relation to enforcive investment as the number of competing groups increases, and how this leads to a decline in steady-state output and welfare.

Suggested Citation

  • Lee, J. & Skaperdas, S., 1998. "Workshops or Barracks? Productive versus Enforcive Investment and Economic Performance," Papers 97-98-20, California Irvine - School of Social Sciences.
    • Handle: RePEc:fth:calirv:97-98-20
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    Citations

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    Cited by:

    1. Michelle R. Garfinkel & Stergios Skaperdas, 2000. "Contract or War? On the Consequences of a Broader View of Self-Interest in Economics," The American Economist, Sage Publications, vol. 44(1), pages 5-16, March.
    2. Jose-Luis Evia & Roberto Laserna & Stergios Skaperdas, 2008. "Socio-Political Conflict and Economic Performance in Bolivia," CESifo Working Paper Series 2249, CESifo.
    3. Garfinkel, Michelle R. & Skaperdas, Stergios, 2007. "Economics of Conflict: An Overview," Handbook of Defense Economics, in: Keith Hartley & Todd Sandler (ed.), Handbook of Defense Economics, edition 1, volume 2, chapter 22, pages 649-709, Elsevier.
    4. Stergios Skaperdas, 2003. "Restraining the Genuine Homo Economicus: Why the Economy Cannot Be Divorced from Its Governance," Economics and Politics, Wiley Blackwell, vol. 15(2), pages 135-162, July.

    More about this item

    Keywords

    INVESTMENTS ; CAPITAL;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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