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Property Rights and Economic Development

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Author Info
Besley, Timothy J.
Ghatak, Maitreesh

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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. This paper will form a chapter for Volume V of the Handbook of Development Economics edited by Dani Rodrik and Mark Rosenzweig

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 7243.

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Date of creation: Mar 2009
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Handle: RePEc:cpr:ceprdp:7243

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Related research
Keywords: Economic Development; Property rights;

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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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