Stronger Property Rights Enforcement Does Not Hurt Social Welfare - A Comment on Gonzalez’ 'Effective Property Rights, Conflict and Growth (JET, 2007)'

32 Pages Posted: 21 Jun 2013

See all articles by Yoon Ha Yoo

Yoon Ha Yoo

KDI School of Public Policy and Management

Date Written: June 2013

Abstract

In his recent paper in JET, Gonzalez (2007) issues a warning that gradual improvement in property rights enforcement may sometimes backfire and hurt social welfare through its unintended instigation of appropriative activities. By introducing a new property-rights parameter within the Gonzalez’ growth model, however, this note reinstates the monotone relationship between property rights and social welfare discredited by Gonzalez.

Keywords: Property rights, Conflict; Diversion, Investment, Growth

JEL Classification: D23, O10, O40

Suggested Citation

Yoo, Yoon Ha, Stronger Property Rights Enforcement Does Not Hurt Social Welfare - A Comment on Gonzalez’ 'Effective Property Rights, Conflict and Growth (JET, 2007)' (June 2013). Available at SSRN: https://ssrn.com/abstract=2282387 or http://dx.doi.org/10.2139/ssrn.2282387

Yoon Ha Yoo (Contact Author)

KDI School of Public Policy and Management ( email )

P.O. Box 184
Seoul, 130-868
Korea, Republic of (South Korea)

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