Economics at your fingertips  

A "de Soto Effect" in Industry? Evidence from the Russian Federation

Alexei Karas, William Pyle and Koen Schoors

Journal of Law and Economics, 2015, vol. 58, issue 2, 451 - 480

Abstract: The strengthening of land rights has been proposed as a policy to reduce financial market frictions and promote private investment in low- and middle-income countries. But assessments of these potential effects have proven inconclusive. One reason may be that research has focused on actors that face difficulties accessing credit for reasons other than the security of land tenure. We explore the effect of greater tenure security in a setting in which non-land-related financial market frictions are apt to be mild--that is, among large urban industrial enterprises. Exploiting policy variation across Russian regions and firm-level survey data, we show that private land rights facilitate credit access and promote investment.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
Working Paper: A “de Soto Effect” in Industry? Evidence from the Russian Federation (2012) Downloads
Working Paper: A ‘de Soto Effect’ in Industry? Evidence from the Russian Federation (2011) 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:

Access Statistics for this article

More articles in Journal of Law and Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

Page updated 2021-04-05
Handle: RePEc:ucp:jlawec:doi:10.1086/684042