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Property Rights and Economic Growth: An Empirical Study

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  • Torstensson, Johan

Abstract

This paper analyzes empirically the relationship between the structure of property rights and economic growth. Two aspects of property rights are taken into consideration: the degree to which property is state owned and the presence of arbitrary seizure of property. The variable measuring state ownership of property is negatively, although insignificantly, related to growth. However, the partial correlation between growth and arbitrary seizure of property is negative and significant. This correlation is robust to changes in the selected control variables. Copyright 1994 by WWZ and Helbing & Lichtenhahn Verlag AG

Suggested Citation

  • Torstensson, Johan, 1994. "Property Rights and Economic Growth: An Empirical Study," Kyklos, Wiley Blackwell, vol. 47(2), pages 231-247.
  • Handle: RePEc:bla:kyklos:v:47:y:1994:i:2:p:231-47
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    1. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 1999. "The Quality of Government," Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(1), pages 222-279, April.
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    5. de Haan, Jakob & Sturm, Jan-Egbert, 2000. "On the relationship between economic freedom and economic growth," European Journal of Political Economy, Elsevier, vol. 16(2), pages 215-241, June.
    6. Aron, Janine, 2000. "Growth and Institutions: A Review of the Evidence," World Bank Research Observer, World Bank Group, vol. 15(1), pages 99-135, February.
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    12. Knack, Stephen & Keefer, Philip, 1995. "Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Indicators," MPRA Paper 23118, University Library of Munich, Germany.
    13. repec:hrv:faseco:30747160 is not listed on IDEAS
    14. Treisman, Daniel, 2000. "The causes of corruption: a cross-national study," Journal of Public Economics, Elsevier, vol. 76(3), pages 399-457, June.
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    16. Stefan Voigt (ed.), 2003. "Constitutional Political Economy," Books, Edward Elgar Publishing, volume 0, number 2921, April.
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