| Author: | Torstensson, J. |
| Title: | Property rights and economic growth: an empirical study |
| Journal: | Kyklos
1994 : VOL. 47:2, p. 231-247 |
| Index terms: | PROPERTY RIGHTS ECONOMIC GROWTH ECONOMICS |
| Language: | eng |
| Abstract: | In neo-classical models of growth, investment in physical capital is emphasized. More recent models of endogenous growth instead stress the role of human capital and international trade as sources of growth. The purpose of this paper is to analyze the effects of the structure of property rights on growth. In particular, the author focuses on whether property is owned by the state and whether countries undertake arbitrary seizure of property. The study covers 68 developed and developing countries between 1976-1985. |
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