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Property Rights, Governance, and Economic Development
Author(s) -
Auerbach Jan U.,
Azariadis Costas
Publication year - 2015
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/rode.12138
Subject(s) - property rights , corporate governance , politics , economics , property (philosophy) , good governance , law and economics , economic system , public economics , political science , microeconomics , law , finance , philosophy , epistemology
In this review article we give an intuitive account of why good institutions in general, and secure property rights in particular, matter for economic growth and development. We also discuss implications for good governance, defined as the efficient provision of property rights and other aspects of governance. Finally, we briefly touch on political institutions that might be conducive to good governance and thus economic development.