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The effects of property rights on economic performance

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  • Oguzhan Dincer

Abstract

This study augments the neoclassical growth model proposed by Mankiw et al. (1992) to analyse the effects of the property rights protection on the levels of economic performance, measured by per capita gross domestic product (GDP), across countries. The augmented model predicts that (1) the accumulation of physical and human capital and therefore the level of per capita GDP in a country, is positively related with the degree of property rights protection as well as with the saving rates and (2) the effects of the saving rates on the level of per capita GDP in a country are positively related with the degree of property rights protection. Empirical evidence shows that the predictions of the augmented model are consistent with the variations in the levels of per capita GDP across countries.

Suggested Citation

  • Oguzhan Dincer, 2007. "The effects of property rights on economic performance," Applied Economics, Taylor & Francis Journals, vol. 39(7), pages 825-837.
    • Handle: RePEc:taf:applec:v:39:y:2007:i:7:p:825-837
    DOI: 10.1080/00036840500461964
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    1. Kapeliushnikov, Rostislav & Kuznetsov, Andrei & Demina, Natalia & Kuznetsova, Olga, 2013. "Threats to security of property rights in a transition economy: An empirical perspective," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 245-264.
    2. Calbay, Arman, 2006. "Property Rights and Theory of Value," MPRA Paper 25827, University Library of Munich, Germany, revised 31 Jul 2009.
    3. Fauvrelle Thiago A. & Tony C Almeida Alessio, 2018. "Determinants of Judicial Efficiency Change: Evidence from Brazil," Review of Law & Economics, De Gruyter, vol. 14(1), pages 1-36, March.
    4. Ali Hussein Samadi & Ali Hussein Ostadzad, 2015. "Estimating Property Rights Expenditures in Iran," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 19(3), pages 359-376, Autumn.
    5. Jonas Gamso & Robert Grosse, 2021. "Trade agreement depth, foreign direct investment, and the moderating role of property rights," Journal of International Business Policy, Palgrave Macmillan, vol. 4(2), pages 308-325, June.

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