کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5092259 1375921 2013 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Turning cheap talk into economic growth: On the relationship between property rights and judicial independence
ترجمه فارسی عنوان
تبدیل گفتار ارزان به رشد اقتصادی: در رابطه بین حقوق مالکیت و استقلال قضایی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی

Among economists, the view that precisely defined and reliably enforced property rights are generally conducive to economic growth has been quasi-unanimous. But recently, some authors have argued that the relationship is more complex than previously acknowledged: property rights reforms might, for example, not per se lead to increases in observed growth rates. This paper contributes to the debate by emphasizing that the mere promise of secure property rights is unlikely to have any effects unless accompanied by some commitment to enforce these rights that is perceived as credible by private actors. An independent judiciary is interpreted as a tool that permits governments to make credible commitments to abide by the law. We provide empirical evidence for a positive growth effect of constitutional property rights, once the judicial system is independent enough to guarantee their enforcement.

► De jure property rights do not induce economic growth per se. ► An independent judiciary can be a tool to make their enforcement credible. ► If enforced by an independent judiciary, property rights do induce economic growth.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 41, Issue 1, February 2013, Pages 66-73
نویسندگان
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