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Property Rights and EconomicDevelopment

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Author Info
Timothy Besley
Maitreesh Ghatak

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Abstract

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

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Paper provided by Suntory and Toyota International Centres for Economics and Related Disciplines, LSE in its series STICERD - Economic Organisation and Public Policy Discussion Papers Series with number 006.

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Date of creation: Feb 2009
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Handle: RePEc:cep:stieop:006

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Related research
Keywords: Property rights; Economic development.;

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Find related papers by JEL classification:
K11 - Law and Economics - - Basic Areas of Law - - - Property Law
O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
P14 - Economic Systems - - Capitalist Systems - - - Property Rights

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