EconPapers    
Economics at your fingertips  
 

Constitutional property rights protection and economic growth: evidence from the post-communist transition

Christian Bjørnskov ()

Constitutional Political Economy, 2015, vol. 26, issue 3, 247-280

Abstract: This paper seeks to estimate the economic growth effect of constitutional provisions for property rights protection. It does so using the unique situation in formerly communist countries in Central and Eastern Europe and the Caucasus where all but two introduced new constitutions after the fall of the Iron Curtain. The effects of implementing different constitutional provisions can therefore be observed in a group of countries with similar formal starting points. Estimates provide no evidence of positive effects and mainly point towards a negative conclusion: the introduction of constitutional protection of property rights is not associated with economic development in the long run, but tends to impose costs during a period of institutional transition and implementation proportional to the constitutional change. Copyright Springer Science+Business Media New York 2015

Keywords: Property rights; Economic growth; Constitutional political economy; Transition; P16; P37; K40; O43 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1007/s10602-015-9189-z (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Constitutional Property Rights Protection and Economic Growth: Evidence from the Post-Communist Transition (2012) Downloads
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:kap:copoec:v:26:y:2015:i:3:p:247-280

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/10602/PS2

Access Statistics for this article

Constitutional Political Economy is currently edited by Roger Congleton and Stefan Voigt

More articles in Constitutional Political Economy from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-11-06
Handle: RePEc:kap:copoec:v:26:y:2015:i:3:p:247-280