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Protection of Property Rights and Growth as Political Equilibria

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Author Info
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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Publisher 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
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Handle: RePEc:hhs:iuiwop:0737

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

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Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
P14 - Economic Systems - - Capitalist Systems - - - Property Rights
P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Asoni, Andrea, 2008. "Colonial Heritage and Economic Development," Working Paper Series 758, Research Institute of Industrial Economics. [Downloadable!]
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