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Protection of Property Rights and Growth as Political Equilibria

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  • Asoni, Andrea

    ()
    (Research Institute of Industrial Economics (IFN))

Abstract

This paper presents a survey of the literature on property rights and economic growth. It discusses different theoretical mechanisms that relate property rights to economic development. Lack of protection of property rights can result in slow economic growth through different channels: expropriation of private wealth, corruption of civil servants, excessive taxation and barriers to adoption of new technologies. The origins of property rights are also considered. Different theories are illustrated but more attention is paid to the “social conflict view” and its strengths and limitations. The second part of the paper illustrates relevant empirical works on property rights and growth.

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Bibliographic Info

Paper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 737.

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Length: 47 pages
Date of creation: 17 Mar 2008
Date of revision:
Handle: RePEc:hhs:iuiwop:0737

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Keywords: Institutions; Economic Development; Property Rights; Social Conflict View;

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References

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Citations

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Cited by:
  1. Haggard, Stephan & Tiede, Lydia, 2011. "The Rule of Law and Economic Growth: Where are We?," World Development, Elsevier, vol. 39(5), pages 673-685, May.
  2. Bergh, Andreas & Henrekson, Magnus, 2011. "Government Size and Growth: A Survey and Interpretation of the Evidence," Working Paper Series 858, Research Institute of Industrial Economics.
  3. Asoni, Andrea, 2008. "Colonial Heritage and Economic Development," Working Paper Series 758, Research Institute of Industrial Economics.
  4. Magdalena Owczarczuk, 2013. "Property Rights as a Factor of Foreign Direct Investment. The Case of Poland," Oeconomia Copernicana, Polskie Towarzystwo Ekonomiczne Oddzial w Toruniu, Wydzial Nauk Ekonomicznych i Zarzadzania UMK, vol. 2, pages 97-116.
  5. Berggren, Niclas & Bjørnskov, Christian, 2012. "Does Religiosity Promote Property Rights and the Rule of Law?," Working Paper Series 905, Research Institute of Industrial Economics.
  6. Hartwell , Christopher A., 2014. "The impact of institutional volatility on financial volatility in transition economies: a GARCH family approach," BOFIT Discussion Papers 6/2014, Bank of Finland, Institute for Economies in Transition.
  7. Berggren , Niclas & Nilsson, Therese, 2012. "Does Economic Freedom Foster Tolerance?," Working Papers 2012:10, Lund University, Department of Economics.
  8. Mogens Justesen & Peter Kurrild-Klitgaard, 2013. "Institutional interactions and economic growth: the joint effects of property rights, veto players and democratic capital," Public Choice, Springer, vol. 157(3), pages 449-474, December.
  9. Voigt, Stefan & Gutmann, Jerg, 2013. "Turning cheap talk into economic growth: On the relationship between property rights and judicial independence," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 66-73.
  10. Demidova, Olga, 2011. "Modeling of public trust in basic social and political institutions: A comparative econometric analysis," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 21(1), pages 114-132.
  11. 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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