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. In: Rodrick, Dani and Rosenzweig, M. R., (eds.) Handbook of Development Economics. Handbooks in economics. Elsevier (Firm), pp. 4525-4595. ISBN 9780444529442

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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:	Book Section
Official URL:	http://www.elsevier.com/
Additional Information:	© 2009 Elsevier B.V.
Divisions:	Economics STICERD
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor
JEL classification:	H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H21 - Efficiency; Optimal Taxation O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O12 - Microeconomic Analyses of Economic Development O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements: Legal, Social, Economic, and Political P - Economic Systems > P4 - Other Economic Systems > P48 - Political Economy; Legal Institutions; Property Rights Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q1 - Agriculture > Q15 - Land Ownership and Tenure; Land Reform; Land Use; Irrigation
Date Deposited:	30 Mar 2011 13:50
Last Modified:	11 Dec 2024 17:21
URI:	http://eprints.lse.ac.uk/id/eprint/33757

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