Property Rights, Public Enforcement, and Growth
在内生增长框架下研究产权公共执行对创新投资和经济增长的影响，发现政府可通过公共雇佣保障产权实现增长，但福利上无产权保护可能更优。
Abstract We study the link between public enforcement of property rights, innovation investments, and economic growth in an endogenous growth framework with an expanding set of product varieties. We find that a government can assure positive equilibrium growth through public employment in the enforcement of property rights, if the economic environment is sufficiently favorable to growth and/or if public enforcement is sufficiently effective. However, in terms of welfare, an equilibrium path without property‐rights protection and growth might be preferable. In this case, the enforcement of property rights involves too much reallocation of labor from production and research towards the public sector.