IDEAS home Printed from https://ideas.repec.org/a/ucp/jpolec/v103y1995i5p903-37.html
   My bibliography  Save this article

Property Rights and Investment Incentives: Theory and Evidence from Ghana

Author

Listed:
  • Besley, Timothy

Abstract

This paper examines the link between property rights and investment incentives. The author develops three theoretical arguments based on security of tenure, using land as collateral and obtaining gains from trade. The paper then presents empirical evidence from two regions in Ghana. The author investigates the possibility that rights are endogenous, with farmers making improvements to enhance their land rights. Finally, he suggests tests for which of the theories might explain the results. Copyright 1995 by University of Chicago Press.

Suggested Citation

  • Besley, Timothy, 1995. "Property Rights and Investment Incentives: Theory and Evidence from Ghana," Journal of Political Economy, University of Chicago Press, vol. 103(5), pages 903-937, October.
  • Handle: RePEc:ucp:jpolec:v:103:y:1995:i:5:p:903-37
    DOI: 10.1086/262008
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/262008
    File Function: full text
    Download Restriction: Access to full text is restricted to subscribers. See http://www.journals.uchicago.edu/JPE for details.

    File URL: https://libkey.io/10.1086/262008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 407-443.
    2. Migot-Adholla, Shem, et al, 1991. "Indigenous Land Rights Systems in Sub-Saharan Africa: A Constraint on Productivity?," World Bank Economic Review, World Bank Group, vol. 5(1), pages 155-175, January.
    3. de Meza, David & Gould, J R, 1992. "The Social Efficiency of Private Decisions to Enforce Property Rights," Journal of Political Economy, University of Chicago Press, vol. 100(3), pages 561-580, June.
    4. Frank Place & Peter Hazell, 1993. "Productivity Effects of Indigenous Land Tenure Systems in Sub-Saharan Africa," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(1), pages 10-19.
    5. Feder, Gershon & Feeny, David, 1991. "Land Tenure and Property Rights: Theory and Implications for Development Policy," World Bank Economic Review, World Bank Group, vol. 5(1), pages 135-153, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thomas Vendryes, 2014. "Peasants Against Private Property Rights: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 971-995, December.
    2. Mwesigye, Francis & Matsumoto, Tomoya, 2016. "The Effect of Population Pressure and Internal Migration on Land Conflicts: Implications for Agricultural Productivity in Uganda," World Development, Elsevier, vol. 79(C), pages 25-39.
    3. Daniel Ayalew Ali & Stefan Dercon & Madhur Gautam, 2011. "Property rights in a very poor country: tenure insecurity and investment in Ethiopia," Agricultural Economics, International Association of Agricultural Economists, vol. 42(1), pages 75-86, January.
    4. Corsi, Stefano & Marchisio, Laura Viviana & Orsi, Luigi, 2017. "Connecting smallholder farmers to local markets: Drivers of collective action, land tenure and food security in East Chad," Land Use Policy, Elsevier, vol. 68(C), pages 39-47.
    5. Lorelei Crisologo-Mendoza; & Dirk Van de gaer, 1997. "Population Growth and Customary Law on Land: The Case of Cordillera Villages in the Philippines," Economics Department Working Paper Series n761197, Department of Economics, National University of Ireland - Maynooth.
    6. Shouying LIU & Michael R. CHARTER & Yang Yao, 1996. "Abstract Of Dimensions And Diversity Of Property Rights In Rural China: Dilemmas On The Road To Further Reform," Staff Papers 395, University of Wisconsin Madison, AAE.
    7. Jérémie GIGNOUX & Karen MACOURS & Liam WREN-LEWIS, 2015. "Impact of land administration programs on agricultural productivity and rural development: existing evidence, challenges and new approaches," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 96(3), pages 467-498.
    8. Hanan Jacoby & Bart Minten, 2006. "Land Titles, Investment, and Agricultural Productivity in Madagascar : A Poverty and Social Impact Analysis," World Bank Other Operational Studies 12661, The World Bank.
    9. Lee J. Alston & Edwyna Harris & Bernardo Mueller, 2009. "De Facto and De Jure Property Rights: Land Settlement and Land Conflict on the Australian, Brazilian and U.S. Frontiers," NBER Working Papers 15264, National Bureau of Economic Research, Inc.
    10. Deacon, Robert & Mueller, Bernardo, 2004. "Political Economy and Natural Resource Use," University of California at Santa Barbara, Economics Working Paper Series qt68g1n1v8, Department of Economics, UC Santa Barbara.
    11. Deininger, Klaus & Binswanger, Hans, 1999. "The Evolution of the World Bank's Land Policy: Principles, Experience, and Future Challenges," World Bank Research Observer, World Bank Group, vol. 14(2), pages 247-276, August.
    12. Tankari, Mahamadou Roufahi, 2015. "Action Levers For A Sustainable Farmland Management In Niger," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 3(4), pages 1-12, October.
    13. Marc F. Bellemare, 2013. "The Productivity Impacts of Formal and Informal Land Rights: Evidence from Madagascar," Land Economics, University of Wisconsin Press, vol. 89(2), pages 272-290.
    14. Songqing Jin & T. S. Jayne, 2013. "Land Rental Markets in Kenya: Implications for Efficiency, Equity, Household Income, and Poverty," Land Economics, University of Wisconsin Press, vol. 89(2), pages 246-271.
    15. Carol Newman & Finn Tarp & Katleen van den Broeck, 2015. "Property Rights and Productivity: The Case of Joint Land Titling in Vietnam," Land Economics, University of Wisconsin Press, vol. 91(1), pages 91-105.
    16. Lambrecht, Isabel & Asare, Sarah, 2015. "Smallholders and land tenure in Ghana: Aligning context, empirics, and policy:," IFPRI discussion papers 1492, International Food Policy Research Institute (IFPRI).
    17. David Clark, 2005. "Towards a Unified Framework for Understanding the Depth, Breadth and Duration of Poverty," Economics Series Working Papers GPRG-WPS-020, University of Oxford, Department of Economics.
    18. John Giles & Ren Mu, 2018. "Village Political Economy, Land Tenure Insecurity, and the Rural to Urban Migration Decision: Evidence from China," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 100(2), pages 521-544.
    19. Han, Wenjing & Zhang, Xiaoling & Zhang, Zhengfeng, 2019. "The role of land tenure security in promoting rural women’s empowerment: Empirical evidence from rural China," Land Use Policy, Elsevier, vol. 86(C), pages 280-289.
    20. Katleen Van den Broeck & Carol Newman & Finn Tarp, 2007. "Land Titles and Rice Production in Vietnam," Discussion Papers 07-32, University of Copenhagen. Department of Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:jpolec:v:103:y:1995:i:5:p:903-37. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://www.journals.uchicago.edu/JPE .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/JPE .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.