The effects of property rights on economic performance
AbstractThis study augments the neoclassical growth model proposed by Mankiw et al. (1992) to analyse the effects of the property rights protection on the levels of economic performance, measured by per capita gross domestic product (GDP), across countries. The augmented model predicts that (1) the accumulation of physical and human capital and therefore the level of per capita GDP in a country, is positively related with the degree of property rights protection as well as with the saving rates and (2) the effects of the saving rates on the level of per capita GDP in a country are positively related with the degree of property rights protection. Empirical evidence shows that the predictions of the augmented model are consistent with the variations in the levels of per capita GDP across countries.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 39 (2007)
Issue (Month): 7 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAEC20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Calbay, Arman, 2006. "Property Rights and Theory of Value," MPRA Paper 25827, University Library of Munich, Germany, revised 31 Jul 2009.
- Kapeliushnikov, Rostislav & Kuznetsov, Andrei & Demina, Natalia & Kuznetsova, Olga, 2013. "Threats to security of property rights in a transition economy: An empirical perspective," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 245-264.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.