Property Rights, Governance, and Economic Development

11 Pages Posted: 20 Apr 2015

See all articles by Jan U. Auerbach

Jan U. Auerbach

University of Exeter

Costas Azariadis

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Date Written: May 2015

Abstract

In this review article we give an intuitive account of why good institutions in general, and secure property rights in particular, matter for economic growth and development. We also discuss implications for good governance, defined as the efficient provision of property rights and other aspects of governance. Finally, we briefly touch on political institutions that might be conducive to good governance and thus economic development.

Suggested Citation

Auerbach, Jan U. and Azariadis, Costas, Property Rights, Governance, and Economic Development (May 2015). Review of Development Economics, Vol. 19, Issue 2, pp. 210-220, 2015. Available at SSRN: https://ssrn.com/abstract=2595881 or http://dx.doi.org/10.1111/rode.12138

Jan U. Auerbach (Contact Author)

University of Exeter

Northcote House
The Queen's Drive
Exeter, EX4 4QJ
United Kingdom

Costas Azariadis

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States

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