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Property rights and economic growth: A dynamic GMM analysis

Author

Listed:
  • Joshua Ang

    (Rogers State University)

  • Jason C. Patalinghug

    (Southern Connecticut State University)

Abstract

This paper examines the role of property rights and other factors to the growth of real gross domestic product (GDP) per capita. We show using a two-step system generalized method of moments (GMM) dynamic model and a panel data set of around 150 countries from 2006 to 2018 that property rights have a positive and significant effect on the growth of real GDP per capita. The paper also found that human capital, physical capital and inflation have significant effects on real GDP per capita growth.

Suggested Citation

  • Joshua Ang & Jason C. Patalinghug, 2021. "Property rights and economic growth: A dynamic GMM analysis," Economics Bulletin, AccessEcon, vol. 41(3), pages 1387-1398.
    • Handle: RePEc:ebl:ecbull:eb-21-00864
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic growth; Property rights; Generalized method of moments;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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