Property Rights, Governance, and Economic Development

Jan U. Auerbach and Costas Azariadis

Review of Development Economics, 2015, vol. 19, issue 2, 210-220

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.

Date: 2015
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