The Two Sides of De Soto: Property Rights, Land Titling, and Development
Claudia R. Williamson
Mississippi State University
October 7, 2011
THE ANNUAL PROCEEDINGS OF THE WEALTH AND WELL-BEING OF NATIONS, p. 95, Emily Chamlee-Wright, ed., Beloit College, 2010
This essay examines Hernando De Soto’s work on property rights, which can be viewed as providing two separate testable hypotheses: 1) secure property rights are positively correlated with access to credit and capital formation, which leads to economic development, and 2) land titling programs provides the means to secure property rights. In particular, Williamson argues that Hypothesis 1 is supported by both theoretical and empirical arguments, while Hypothesis 2 lacks empirical evidence.
Number of Pages in PDF File: 14
Keywords: property rights, economic prosperity, land titling, Hernando de Soto
JEL Classification: O11Accepted Paper Series
Date posted: October 7, 2011
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