Property Rights and Economic Growth: Evidence from a Natural Experiment

Intellectual Property Rights and Economic Growth

I study the role of intellectual property rights (IPRs) in a model of endogenous growth with sequential innovation. The model mimics the innovation process in hi-tech sectors where many of the techniques and products used in R&D are recent discoveries themselves. Depending on the structure of the patent system, some of these discoveries might still be protected by a patent. In this context IPRs...

Asymmetric Property Rights in China’s Economic Growth

This paper highlights the difference between secure investor property rights and loosely defined individual property rights. Globalization and fiscal decentralization have intensified this difference. On the one hand, in the presence of mobile foreign direct investments and under the arrangement of fiscal decentralization, local governments compete vigorously to offer various protections on the...

property rights and economic growth: an endogenous growth mod

in this paper, we develop a ramsey-type endogenous growth model in which government spending on property rights protection is a major determinant of economic growth. this model includes equations for welfare, private and public sectors production. we introduce the legal efficiency into private production function, and x-inefficiency parameter into public production function. also, we consider t...

Property Rights and Economic Development

This chapter develops a unified analytical framework, drawing on and extending the existing literature on the subject, for studying the role of property rights in economic development. It addresses two fundamental and related questions concerning the relationship between property rights and economic activity. (i) What are the mechanisms through which property rights affect economic activity? (i...

Property Rights and Natural Resource : Socio - Economic Heterogeneity and Distributional Implications of Common Property Resource Management