The Growth Effects of Property Rights: The Role of Finance

The Political Economy and Underdevelopment of the Muslim World: A Juridico-Philosophical Perspective

“…For instance, it should incorporate improving the efficiency of judicial systems, rewriting bankruptcy codes, and restructuring financial market regulations. 87 Empirical studies show a link between a strong legal system and high corporate valuations, corporate finance, and the efficiency of capital allocations. 88 That is, countries with laws that more effectively protect investors tend to encourage shareholders and creditors to invest in firms, thereby driving up the price of corporate securities and decreasing the cost of capital.…”

The Relationship between Property Rights and Economic Growth: an Analysis of OECD and EU Countries

“…This two-way causality also seems to exist at a more micro level (Green and Moser 2012). In addition, the relationship between property rights and growth may be non-linear (Bose et al, 2012): stronger enforcement of property rights raises growth up to a certain point before growth begins to decline. Besley and Ghatak (2009) refer to the role of more secure property rights in facilitating market transactions or trade in assets via the deepening of rental or sales markets in land, thus increasing the mobility of assets such that all land is fully utilized and is highly productive.…”

Property rights and intellectual property protection, GDP growth and individual well-being in Latin America

“…A large and growing body of literature has investigated the relationship between property rights and economic growth (see, e.g., Acemoglu et al 2001;Everest-Phillips 2008;Besley and Ghatak 2010;Bose et al 2012;Haydaroğlu 2015) and there is a relatively large consensus among scholars that secure property rights are an important prerequisite for stable economic growth and development. There is rather more mixed evidence for the role of intellectual property protection in promoting economic growth.…”