Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81220
Authors: 
Asoni, Andrea
Year of Publication: 
2008
Series/Report no.: 
IFN Working Paper 737
Abstract: 
This paper presents a survey of the literature on property rights and economic growth. It discusses different theoretical mechanisms that relate property rights to economic development. Lack of protection of property rights can result in slow economic growth through different channels: expropriation of private wealth, corruption of civil servants, excessive taxation and barriers to adoption of new technologies. The origins of property rights are also considered. Different theories are illustrated but more attention is paid to the “social conflict view” and its strengths and limitations. The second part of the paper illustrates relevant empirical works on property rights and growth.
Subjects: 
Institutions
Economic Development
Property Rights
Social Conflict View
JEL: 
O11
O12
O43
P14
P16
Document Type: 
Working Paper

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