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The Emergence of Strong Property Rights: Speculation from history / Raghuram Rajan, Luigi Zingales.
- Format:
- Book
- Author/Creator:
- Rajan, Raghuram.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w9478.
- NBER working paper series no. w9478
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- The Emergence of Strong Property Rights
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2003.
- Summary:
- How did citizens acquire rights protecting their property from the depredations of the government? In this paper, we argue that one important factor strengthening respect for property is how it is distributed. When there is some specificity associated with property, and property is held by those who are most productive, the distribution of property becomes relatively easy to defend. By contrast, when property is owned by those who get rents simply by virtue of ownership, the distribution of property becomes much harder to defend. We speculate on why some countries have been able to develop a climate of respect for property rights while others have not.
- Notes:
- Print version record
- February 2003.
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