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The Enforcement of Property Rights and Underdevelopment

The Enforcement of Property Rights and Underdevelopment »

Source: The Enforcement of Property Rights and Underdevelopment

Volume/Issue: 1999/127

Series: IMF Working Papers

Author(s): Era Dabla-Norris , and Scott Freeman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1999

ISBN: 9781451854961

Keywords: Property rights, multiple equilibria, expropriation, development, economic reform, legal reform, capital punishment

This paper formalizes the role of legal infrastructure in economic development in a general equilibrium model with endogenously determined property rights enforcement. It illustrates the mutual importance of proper...

The Enforcement of Property Rights and Underdevelopment

The Enforcement of Property Rights and Underdevelopment »

Volume/Issue: 1999/127

Series: IMF Working Papers

Author(s): Era Dabla-Norris , and Scott Freeman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1999

DOI: http://dx.doi.org/10.5089/9781451854961.001

ISBN: 9781451854961

Keywords: Property rights, multiple equilibria, expropriation, development, economic reform, legal reform, capital punishment

This paper formalizes the role of legal infrastructure in economic development in a general equilibrium model with endogenously determined property rights enforcement. It illustrates the mutual importance of proper...