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Property Rights and Economic Development

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  • Besley, Timothy
  • Ghatak, Maitreesh

Abstract

This chapter develops a unified analytical framework, drawing on and extending the existing literature on the subject, for studying the role of property rights in economic development. It addresses two fundamental and related questions concerning the relationship between property rights and economic activity. (i) What are the mechanisms through which property rights affect economic activity? (ii) What are the determinants of property rights? In answering these, it surveys some of the main empirical and theoretical ideas from the extensive literature on the topic.

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This chapter was published in:

  • Dani Rodrik & Mark Rosenzweig (ed.), 2010. "Handbook of Development Economics," Handbook of Development Economics, Elsevier, edition 1, volume 5, number 6, January.
    This item is provided by Elsevier in its series Handbook of Development Economics with number v:5:y:2010:i:c:p:4525-4595.

    Handle: RePEc:eee:devchp:v:5:y:2010:i:c:p:4525-4595

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    Web page: http://www.elsevier.com/wps/find/bookseriesdescription.cws_home/BS_HE/description

    Related research

    Keywords: property rights; investment incentives; economic development;

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    1. > Microeconomics > Transaction Cost Economics
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    Cited by:
    1. Louis Hotte & Randy McFerrin & Douglas Wills, 2011. "On the Dual Nature of Weak Property Rights," Working Papers 1103E, University of Ottawa, Department of Economics.
    2. Dilip Mookherjee & Pranab Bardhan & Michael Luca & Francisco Pino, 2010. "Evolution of Land Distribution in West Bengal 1967-2004: Role of Land Reform and Demographic Changes," Boston University - Department of Economics - Working Papers Series WP2010-037, Boston University - Department of Economics.
    3. Barbosa, Natália & Faria, Ana Paula, 2011. "Innovation across Europe: How important are institutional differences?," Research Policy, Elsevier, vol. 40(9), pages 1157-1169.
    4. Gafaro, Margarita & Ibanez, Ana Maria & Zarruk, David, 2012. "Equidad y eficiencia rural en Colombia: una discusión de políticas para el acceso a la tierra," Documentos CEDE Series 146477, Universidad de Los Andes, Economics Department.
    5. Leopoldo Fergusson, 2012. "The Political Economy of Rural Property Rights and the Persistence of the Dual Economy," DOCUMENTOS CEDE 009797, UNIVERSIDAD DE LOS ANDES-CEDE.
    6. Deininger, Klaus & Goyal, Aparajita, 2012. "Going digital: Credit effects of land registry computerization in India," Journal of Development Economics, Elsevier, vol. 99(2), pages 236-243.
    7. Lu, Yi & Png, Ivan P.L. & Tao, Zhigang, 2013. "Do institutions not matter in China? Evidence from manufacturing enterprises," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 74-90.
    8. Ogilvie, Sheilagh & Carus, A.W., 2014. "Institutions and Economic Growth in Historical Perspective," Handbook of Economic Growth, in: Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 403-513 Elsevier.
    9. Abdulai, Awudu & Owusu, Victor & Goetz, Renan, 2011. "Land tenure differences and investment in land improvement measures: Theoretical and empirical analyses," Journal of Development Economics, Elsevier, vol. 96(1), pages 66-78, September.
    10. Liscow, Zachary D., 2013. "Do property rights promote investment but cause deforestation? Quasi-experimental evidence from Nicaragua," Journal of Environmental Economics and Management, Elsevier, vol. 65(2), pages 241-261.
    11. KOUADIO, Hugues, 2012. "Droit foncier, productivité et investissement dans l'agriculture : cas du café en Côte d'Ivoire
      [Land tenure, productivity and investment in agriculture: the case of coffee in Côte d'Ivoire]
      ," MPRA Paper 49944, University Library of Munich, Germany.
    12. Hallward-Driemeier, Mary & Gajigo, Ousman, 2013. "Strengthening economic rights and women's occupational choice : the impact of reforming Ethiopia's family law," Policy Research Working Paper Series 6695, The World Bank.
    13. Bose, Niloy & Murshid, Antu Panini & Wurm, Martin A., 2012. "The Growth Effects of Property Rights: The Role of Finance," World Development, Elsevier, vol. 40(9), pages 1784-1797.
    14. Menon, Nidhiya & van der Meulen Rodgers, Yana & Nguyen, Huong, 2014. "Women’s Land Rights and Children’s Human Capital in Vietnam," World Development, Elsevier, vol. 54(C), pages 18-31.
    15. Berdugo, Binyamin & Meir, Uri, 2009. "Education, Rent Seeking and Growth," MPRA Paper 18369, University Library of Munich, Germany.
    16. Leonid Polishchuk & Georgiy Syunyaev, 2013. "Ruling elites' rotation and asset ownership: Implications for property rights," HSE Working papers WP BRP 43/EC/2013, National Research University Higher School of Economics.
    17. 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.

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