Property rights and economic development

Besley, Timothy ORCID: 0000-0002-8923-6372 and Ghatak, Maitreesh ORCID: 0000-0002-0126-0897 (2009) Property rights and economic development. Economic Organisation and Public Policy Discussion Papers (EOPP/2009/6). Suntory and Toyota International Centres for Economics and Related Disciplines, London, UK.

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Abstract

This chapter develops a unified analytical framework, drawing on and extending the existing literature on the subject, for studying the role of property rights in economic development. It addresses two fundamental and related questions concerning the relationship between property rights and economic activity. (i) What are the mechanisms through which property rights affect economic activity? (ii) What are the determinants of property rights? In answering these, it surveys some of the main empirical and theoretical ideas from the extensive literature on the topic.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://sticerd.lse.ac.uk/dps/eopp/eopp06.pdf
Additional Information:	© 2009 the authors
Divisions:	Economics STICERD
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor > HD100 Land Use
JEL classification:	P - Economic Systems > P1 - Capitalist Systems > P14 - Property Rights O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements: Legal, Social, Economic, and Political K - Law and Economics > K1 - Basic Areas of Law > K11 - Property Law
Date Deposited:	07 Oct 2009 16:20
Last Modified:	11 Dec 2024 18:55
URI:	http://eprints.lse.ac.uk/id/eprint/25428

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