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Property rights and economic development

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  • Timothy Besley
  • Maitreesh Ghatak

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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File URL: http://eprints.lse.ac.uk/25428/
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Bibliographic Info

Paper provided by London School of Economics and Political Science, LSE Library in its series LSE Research Online Documents on Economics with number 25428.

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Length: 92 pages
Date of creation: Feb 2009
Date of revision:
Handle: RePEc:ehl:lserod:25428

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  1. > Microeconomics > Transaction Cost Economics
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Cited by:
  1. 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.
  2. 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.
  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. 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.
  5. Hotte, Louis & McFerrin, Randy & Wills, Douglas, 2013. "On the dual nature of weak property rights," Resource and Energy Economics, Elsevier, vol. 35(4), pages 659-678.
  6. 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.
  7. Berdugo, Binyamin & Meir, Uri, 2009. "Education, Rent Seeking and Growth," MPRA Paper 18369, University Library of Munich, Germany.
  8. 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.
  9. Deininger, Klaus & Goyal, Aparajita, 2010. "Going digital : credit effects of land registry computerization in India," Policy Research Working Paper Series 5244, The World Bank.
  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. Margarita Gáfaro & Ana María Ibáñez & David Zarruk, 2012. "Equidad y eficiencia rural en Colombia: una discusión de políticas para el acceso a la tierra," DOCUMENTOS CEDE 010318, UNIVERSIDAD DE LOS ANDES-CEDE.
  12. 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.
  13. 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.
  14. 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.
  15. 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.
  16. Pranab Bardhan & Michael Luca & Dilip Mookherjee & Francisco Pino, 2014. "Evolution of Land Distribution in West Bengal 1967-2004: Role of Land Reform and Demographic Changes," Harvard Business School Working Papers 14-066, Harvard Business School.
  17. 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.

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