Property rights and economic growth: A dynamic GMM analysis

Joshua Ang () and Jason Patalinghug
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Joshua Ang: Rogers State University

Economics Bulletin, 2021, vol. 41, issue 3, 1387-1398

Abstract: This paper examines the role of property rights and other factors to the growth of real gross domestic product (GDP) per capita. We show using a two-step system generalized method of moments (GMM) dynamic model and a panel data set of around 150 countries from 2006 to 2018 that property rights have a positive and significant effect on the growth of real GDP per capita. The paper also found that human capital, physical capital and inflation have significant effects on real GDP per capita growth.

Keywords: Economic growth; Property rights; Generalized method of moments (search for similar items in EconPapers)
JEL-codes: C1 O4 (search for similar items in EconPapers)
Date: 2021-09-17
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Citations: View citations in EconPapers (1)

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