2006–2010

Protection of Property Rights and Growth as Political Equilibria

Reprint No. 2008:34

Author(s): Andrea AsoniYear: 2008 Title: Journal of Economic Surveys Volume (No.): 22 (5) Pages: 953–987


This paper presents a survey of the literature on property rights and economic growth. Different theoretical mechanisms that relate property rights to economic development are discussed. 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 success and limitations. The second part of the paper illustrates relevant empirical works on property rights and growth.


Reference:
Asoni, Andrea (2008), "Protection of Property Rights and Growth as Political Equilibria". Journal of Economic Surveys 22(5), 953–987.

Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

About the book

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