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)
London School of Economics (LSE) - Department of Economics
LSE STICERD Research Paper No. EOPP006
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
Date posted: February 3, 2010
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