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Property Rights and Economic Development


Timothy J. Besley


London School of Economics & Political Science (LSE) - Department of Economics; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Maitreesh Ghatak


London School of Economics (LSE) - Department of Economics

February 2009

LSE STICERD Research Paper No. EOPP006

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.

Number of Pages in PDF File: 93

JEL Classification: K11,O17, P14

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Date posted: February 3, 2010  

Suggested Citation

Besley, Timothy J. and Ghatak, Maitreesh, Property Rights and Economic Development (February 2009). LSE STICERD Research Paper No. EOPP006. Available at SSRN: http://ssrn.com/abstract=1546900

Contact Information

Timothy J. Besley (Contact Author)
London School of Economics & Political Science (LSE) - Department of Economics ( email )
Houghton Street
London, WC2A 2AE
United Kingdom
+44 20 7955 6702 (Phone)
+44 20 7955 6951 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Maitreesh Ghatak
London School of Economics (LSE) - Department of Economics ( email )
Houghton Street
London WC2A 2AE
United Kingdom
44 20 7852 3568 (Phone)
44 20 7955 6951 (Fax)
HOME PAGE: http://sticerd.lse.ac.uk/dps/adds/ghatak/cv-lse-sept02.pdf
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