Construct · 1 fields · 1 citations

voracity effect: a standalone construct

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International finance

the response in which powerful groups in a weak-institution economy grab more fiscal transfers after a windfall, so a positive shock lowers growth.

In international finance, voracity effect refers to the response in which powerful groups in a weak-institution economy grab more fiscal transfers after a windfall, so a positive shock lowers growth. This meaning comes from Tornell (1999) in American Economic Review.[1]

Unit
Recovery means
Measured by

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Nearby constructs

growth4 fields · 4 citationsjingle · one word, four constructs response4 fields · 4 citationsjingle · one word, four constructs shock3 fields · 3 citationsjingle · one word, three constructs

References

Tornell, A., & Lane, P. R. (1999). The Voracity Effect. American Economic Review, 89(1), 22-46. https://doi.org/10.1257/aer.89.1.22

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