Property Rights and Economic Development

Besley, Timothy J.; Ghatak, Maitreesh

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Property Rights and Economic Development

LSE STICERD Research Paper No. EOPP006

93 Pages Posted: 3 Feb 2010

See all articles by Timothy J. Besley

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

There are 2 versions of this paper

Date Written: February 2009

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.

JEL Classification: K11,O17, P14

Suggested Citation: Suggested Citation

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