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Property Rights, Governance, and Economic Development

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  • Jan U. Auerbach
  • Costas Azariadis

Abstract

In this review article we give an intuitive account of why good institutions in general, and secure property rights in particular, matter for economic growth and development. We also discuss implications for good governance, defined as the efficient provision of property rights and other aspects of governance. Finally, we briefly touch on political institutions that might be conducive to good governance and thus economic development.

Suggested Citation

  • Jan U. Auerbach & Costas Azariadis, 2015. "Property Rights, Governance, and Economic Development," Review of Development Economics, Wiley Blackwell, vol. 19(2), pages 210-220, May.
    • Handle: RePEc:bla:rdevec:v:19:y:2015:i:2:p:210-220
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    File URL: http://hdl.handle.net/10.1111/rode.12138
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