Property Rights in Transition Countries

Christopher Hartwell

Chapter 9 in Palgrave Dictionary of Emerging Markets and Transition Economics, 2015, pp 170-189 from Palgrave Macmillan

Abstract: Abstract The development of property rights is the most important institutional reform in the transition from communism to capitalism but has been comparatively neglected in some countries in favour of other institutions. This chapter looks at the theoretical basis behind the determination of property rights more broadly, and how these various theories apply (or do not apply) in a transition context. We also examine closely the experience of various transition countries and how property rights protection diverged across economies. The key result of this examination is that property rights illustrate the ‘indivisibility of reforms’ in transition, but that there must be a concerted effort to continually protect these rights as other, mainly political, institutions grow around them.

Keywords: Property Rights; Transition; Transaction Costs; Democracy (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37138-6_10

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DOI: 10.1007/978-1-137-37138-6_10

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