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The Cost of Registering Property: Does Legal Origin Matter?

Author

Listed:
  • Mohammad Amin

    () (World Bank - Enterprise Analysis Unit)

  • Jamal Ibrahim Haidar

    () (CES - Centre d'économie de la Sorbonne - CNRS - Centre National de la Recherche Scientifique - UP1 - Université Panthéon-Sorbonne, PSE - Paris School of Economics)

Abstract

There is a large literature that finds that common law countries perform better than civil law countries in various aspects of the institutional environment. This article extends these findings to another dimension of institutional quality--the cost of registering property. In a sample of 121 countries, we find that the cost of registering property is lower by 26 percent of the world average in common law compared with civil law countries, a result largely driven by differences in non-notary costs of registering property. We provide plausible explanations for these findings.

Suggested Citation

  • Mohammad Amin & Jamal Ibrahim Haidar, 2012. "The Cost of Registering Property: Does Legal Origin Matter?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00966171, HAL.
  • Handle: RePEc:hal:cesptp:hal-00966171
    DOI: 10.1007/s00181-011-0479-7
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00966171
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    References listed on IDEAS

    as
    1. Torsten Persson, 2002. "Do Political Institutions Shape Economic Policy?," Econometrica, Econometric Society, vol. 70(3), pages 883-905, May.
    2. Stijn Claessens & Luc Laeven, 2003. "Financial Development, Property Rights, and Growth," Journal of Finance, American Finance Association, vol. 58(6), pages 2401-2436, December.
    3. La Porta, Rafael & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1997. " Legal Determinants of External Finance," Journal of Finance, American Finance Association, vol. 52(3), pages 1131-1150, July.
    4. 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.
    5. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross-Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, vol. 7(3), pages 207-227, November.
    6. 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.
    7. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2003. "Law and finance: why does legal origin matter?," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 653-675, December.
    8. Treisman, Daniel, 2000. "The causes of corruption: a cross-national study," Journal of Public Economics, Elsevier, vol. 76(3), pages 399-457, June.
    9. repec:hrv:faseco:30728041 is not listed on IDEAS
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    12. Hoff, Karla, 1991. "Introduction: Agricultural Taxation and Land Rights Systems," World Bank Economic Review, World Bank Group, vol. 5(1), pages 85-91, January.
    13. 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.
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    Citations

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    Cited by:

    1. Haidar, Jamal Ibrahim, 2012. "The impact of business regulatory reforms on economic growth," Journal of the Japanese and International Economies, Elsevier, vol. 26(3), pages 285-307.
    2. Bjuggren, Per-Olof & Högberg, Andreas, 2012. "Legal Origin and Firm Size Effects Around the World," Ratio Working Papers 191, The Ratio Institute.
    3. Mohammad Amin & Jamal Haidar, 2014. "Trade facilitation and country size," Empirical Economics, Springer, vol. 47(4), pages 1441-1466, December.
    4. Vahagn Jerbashian & Anna Kochanova, 2016. "The impact of doing business regulations on investments in ICT," Empirical Economics, Springer, vol. 50(3), pages 991-1008, May.
    5. repec:hal:journl:halshs-00717423 is not listed on IDEAS
    6. Jamal Ibrahim Haidar & Takeo Hoshi, "undated". "Implementing Structural Reforms in Abenomics: How to Reduce the Cost of Doing Business in Japan," Working Paper 316046, Harvard University OpenScholar.
    7. Benito Arruñada, 2009. "Property titling and conveyancing," Economics Working Papers 1177, Department of Economics and Business, Universitat Pompeu Fabra.
    8. Elena Sochirca & Francisco José Veiga, 2018. "Key determinants of elite rivalry: theoretical insights and empirical evidence," NIPE Working Papers 02/2018, NIPE - Universidade do Minho.

    More about this item

    Keywords

    Law;

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • H1 - Public Economics - - Structure and Scope of Government
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • K1 - Law and Economics - - Basic Areas of Law

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