International property rights: the role of diversity

Jayoti Das and Cassandra E. DiRienzo ()
Additional contact information
Cassandra E. DiRienzo: Elon University, USA

Journal of Developing Areas, 2014, vol. 48, issue 4, 41-55

Abstract: Using the International Index of Property Rights, this study explores the relationship between the quality of country level property rights and three measures of diversity: ethnic, linguistic, and religious. Past studies have assumed a linear relationship between various measures of diversity and economic outcomes, including property rights. The assumption of a linear relationship suggests that the estimated effect of diversity on the outcome will be the same for any change in diversity, regardless of the level diversity within the country. It is argued that the effects of diversity can have diminishing marginal effects on the quality of property rights. By relaxing the assumption of linearity, this analysis contributes to the growing literature on property rights. These relationships are explored using a cross-country data set and the results suggest that ethnic diversity has a diminishing, negative effect on the quality of property rights, while linguistic diversity has a diminishing, positive effect.

Keywords: Property Rights; Diversity; Diminishing Effects (search for similar items in EconPapers)
JEL-codes: O1 O3 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://muse.jhu.edu/journals/journal_of_developing_areas/v048/48.4.das.html

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jda:journl:vol.48:year:2014:issue4:pp:41-55

Access Statistics for this article

More articles in Journal of Developing Areas from Tennessee State University, College of Business Contact information at EDIRC.
Bibliographic data for series maintained by Abu N.M. Wahid ().