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Property Rights and Economic Development

Timothy Besley () and Maitreesh Ghatak ()

Chapter Chapter 68 in Handbook of Development Economics, 2010, vol. 5, pp 4525-4595 from Elsevier

Abstract: This chapter develops a unified analytical framework, drawing on and extending the existing literature on the subject, for studying the role of property rights in economic development. It addresses two fundamental and related questions concerning the relationship between property rights and economic activity. (i) What are the mechanisms through which property rights affect economic activity? (ii) What are the determinants of property rights? In answering these, it surveys some of the main empirical and theoretical ideas from the extensive literature on the topic.

Keywords: property rights; investment incentives; economic development (search for similar items in EconPapers)
JEL-codes: H21 O12 O17 P48 Q15 (search for similar items in EconPapers)
Date: 2010
ISBN: 978-0-444-52944-2
References: View references in EconPapers View complete reference list from CitEc
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Related works:
Working Paper: Property Rights and EconomicDevelopment (2009) Downloads
Working Paper: Property Rights and Economic Development (2009) Downloads
Working Paper: Property rights and economic development (2009) Downloads
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DOI: 10.1016/B978-0-444-52944-2.00006-9

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