Extending the 'Institutional' Turn: Property, Politics and Development Trajectories

Peter Evans

No RP2006-113, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: As institutional approaches have come to dominate the mainstream of development economics, they have outgrown earlier and simpler analyses of 'property rights'. This paper focuses on the work of Acemoglu, Johnson, and Robinson, which suggests that the distribution of property rights to a 'broad cross-section of the population' is the key to growth and that property rights protection that privileges elites undermines development.

Keywords: Economic development; Institutional economics; Right of property (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (3)

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