Have a personal or library account? Click to login
The Relationship between Property Rights and Economic Growth: an Analysis of OECD and EU Countries Cover

The Relationship between Property Rights and Economic Growth: an Analysis of OECD and EU Countries

Open Access
|Jan 2016

References

  1. Acemoğlu, D., James, A. R., and Simon, J. (2001). The Colonial Origins of Comparative Development: An Empirical Investigation. American Economic Review, 91, 1369–1401.10.1257/aer.91.5.1369
  2. Acemoğlu, D., Johnson, S. and Robinson, J. A. (2005). Institutions as a Fundamental Cause of Long-Run Growth. In: P. Aghion and S.N. Durlauf, eds., Handbook of Economic Growth, ed. Elsevier B.V., 385–472.
  3. Alchian, A. and Demsetz, H. (1973). The Property Right Paradigm. Journal of Economic History, 33 (1), 16–27.10.1017/S0022050700076403
  4. Andrés, R. and Goel, K. (2011). Corruption and Software Piracy: A Comparative Perspective. Policy & Internet, 3, 1–22.10.2202/1944-2866.1088
  5. Ata, A. Y. and Şahbaz, A. (2013). Mülkiyet Hakları ile Ekonomik Büyüme Arasındaki İlişki: AB Ülkeleri Üzerine Ampirik Bir İnceleme. Sosyoekonomi, 9(20), 161–180.
  6. Bardsen, G. (1989). Estimation of Long Run Coefficients in Error Correction Models. Oxford Bulletin of Economics & Statistics, 51(3), 345–350.10.1111/j.1468-0084.1989.mp51003008.x
  7. Barro, R. (1990). Government Spending in a Simple Model of Economic Growth. Journal of Political Economy, 98, 103–125.10.1086/261726
  8. Barzel, Y. (1997). Economic Analysis of Property Rights. Cambridge: Cambridge University Press.10.1017/CBO9780511609398
  9. Besley, T. and Ghatak, M. (2009). Property Rights and Economic Development. In: D. Rodrik and M. Rosenzweig, eds., Handbook of Development Economics, 1st ed. Elsevier, 4525–4595.
  10. Boldrin, M. and Levine, D. (2009). Against Intellectual Monopoly, Cambridge University Press, Cambridge, UK.10.1017/CBO9780511510854
  11. Bose, N., Panini Murshid A., and Wurm, M. A. (2012). The Growth Effects of Property Rights: The Role of Finance. World Development, 40 (9), 1784–1797.10.1016/j.worlddev.2012.04.020
  12. Branstetter, L., Fisman, R. and Foley, C. F. (2005). Do Stronger Intellectual Property Rights Increase International Technology Transfer? Empirical Evidence From U.S. Firm-Level Data. NBER Working Paper, No: 11516.
  13. Cebula, R. J. (2011). Economic Growth, Ten Forms of Economic Freedom, and Political Stability: An Empirical Study Using Panel Data, 2003–2007. The Journal of Private Enterprise, 26(2), 61–81.
  14. Cepeda, Cavazos, R., Lippoldt, D. and Senft, J. (2010). Policy Complements to the Strengthening of IPRs in Developing Countries. OECD Trade Policy Working Paper No. 104.
  15. Chauffour, J. P. (2011). On the Relevance of Freedom and Entitlement in Development: New Empirical Evidence (1975–2007). World Bank Policy Research Working Paper:5660, World Bank, Washington, DC.
  16. Chong, A., and Calderon, C. (2000). Institutional Quality And Income Distribution. Economic Development and Cultural Change, 48(4), 761–786.10.1086/452476
  17. Clague, C., Keefer, P., Knack, S. and Olson, M. (1999). Contract-intensive Money: Contract Enforcement, Property Rights and Economic Performance. Journal of Economic Growth, 4, 185–211.10.1023/A:1009854405184
  18. Coase, R. (1998). The New Institutional Economics. The American Economic Review, 88(2), 72–74.
  19. Dahlman, C. (1980). The Open Field System and Beyond. Cambridge: Cambridge University Press.10.1017/CBO9780511896392
  20. Demsetz, H. (1967). Toward a Theory of Property Rights. American Economic Review, 57, 61–70.
  21. Dinçer, O. (2007). The Effects of Property Rights on Economic Performance. Applied Economics, 39, 825–837.10.1080/00036840500461964
  22. Easterly, W., and Levine, R. (2003). Tropics, Germs and Crops: How Endowments Influence Economic Development. Journal of Monetary Economics, 50(1), 3–39.10.1016/S0304-3932(02)00200-3
  23. Eriçok, R. E. and Yılancı, V. (2013). Eğitim Harcamaları ve Ekonomik Büyüme İlişkisi: Sınır Testi Yaklaşımı. Bilgi Ekonomisi ve Yönetimi Dergisi, 8(1), 87–101.
  24. Everest, P., M. (2008). The Myth of Secure Property Rights: Good Economics as Bad History and its Impact on International Development. SPIRU Working Paper 23. London: Overseas Development Institute Working Paper.
  25. Falvey, R., Foster, N. and Greenaway, D. (2006). Intellectual Property Rights and Economic Growth. Review of Development Economics, 10, 700–719.10.1111/j.1467-9361.2006.00343.x
  26. Feder, G., and Feeny, D. (1991). Land Tenure and Property Rights: Theory and Implications for Development Policy. World Bank Economic Review, 5(1), 135–153.10.1093/wber/5.1.135
  27. Furubotn, E. G. and Pejovich, S. (1972). Property Rights and Economic Theory: A Survey of Recent Literature. Journal of Economic Literature, 10(4), 1137–1162.
  28. Glaeser, E. L., La Porta, R., Lopez-de-Silane F., Shleifer, A. (2004). Do Institutions Cause Growth?. Journal of Economic Growth, 3(9), 271–303.10.1023/B:JOEG.0000038933.16398.ed
  29. Goldsmith, A. (1995). Democracy, Property Rights and Economic Growth. Journal of Development Studies, 32(2), 157–174.10.1080/00220389508422409
  30. Gould, D. M. and Gruden, W. C. (1996). The Role Of Intellectual Property Rights In Economic Growth. Journal of Development Economics, 48, 323–350.10.1016/0304-3878(95)00039-9
  31. Granger, C. W. J. and Newbold, P. (1974). Spurious Regressions in Econometrics. Journal Of Econometrics, 2, 111–120.10.1016/0304-4076(74)90034-7
  32. Green, A. and Moser, C. (2012). Do Property Rights Institutions Matter at the Local Level? Evidence from Madagascar. Journal of Development Studies, 1–15.
  33. Hayek, F. A. (1973). Law, Legislation and Liberty. Vol. 1: Rules and Order. London: Routledge and Kegan Paul.
  34. Hudson, J. and Minea, A. (2013). Innovation, Intellectual Property Rights, and Economic Development: A Unified Empirical Investigation. World Development, 46, 66–78.10.1016/j.worlddev.2013.01.023
  35. IPRI. (2014). International Property Rights Index Report 2014. Property Rights Alliance. Jacoby, Hanan G., Guo Li, and Scott Rozelle. (2002). Hazards of Expropriation: Tenure Insecurity and Investment in Rural China. American Economic Review, 92(5), 1420–1447.
  36. Johnson, S., McMillan, J. and Woodruff, C. (2002). Property Rights and Finance. NBER Working Paper, No:8852.10.3386/w8852
  37. Johansen, S. and Juselius, K. (1990). Maximum Likelihood Estimation and Inference on Cointegration With Applications to The Demand for Money. Oxford Bulletin Of Economics and Statistics, 52, 169–210.10.1111/j.1468-0084.1990.mp52002003.x
  38. Kamas, L., and Joyce, J. P. (1993). Money, Income and Prices under Fixed Exchange Rates: Evidence from Causality Tests and VARs. Journal of Macroeconomics, 15(4), 747–768.10.1016/S0164-0704(05)80008-4
  39. Kanwar, S. and Evenson, R., (2003). Does Intellectual Property Protection Spur Technological Change?. Oxford Economic Papers, 55, 5–264.10.1093/oep/55.2.235
  40. Keefer, P. (2007). Governance And Economic Growth, quoted in Winters, L. Alan and Shahid Yusuf, Dancing with Giants, Washington DC., World Bank.
  41. Keefer, P. and Knack, S. (2002). Polarization, Politics And Property Rights: Links Between Inequality And Growth. Public Choice, 111, 127–154.10.1023/A:1015168000336
  42. Kerekes, C. B. and Williamson, C. R. (2008). Unveiling De Soto’s Mystery: Property Rights, Capital Formation, and Development. Journal of Institutional Economics, 4(33), 299–325.10.1017/S1744137408001100
  43. Khan, Z. B. (1995). Property Rights and Patent Litigation in Early Nineteenth-Century America. The Journal of Economic History, 55(1), 58–97.10.1017/S0022050700040572
  44. Knack, S. and Keefer, P. (1995). Institutions and Economic Performance: Cross-Country Tests using Alternative Measures. Economics and Politics, 7, 207–220.10.1111/j.1468-0343.1995.tb00111.x
  45. La Porta, R., Lopez, F., and Shleifer, A. (2008). The economic consequences of legal origins. Journal of Economic Literature, 4(2), 285–332.10.1257/jel.46.2.285
  46. Leblang, D. A. (1996). Property Rights, Democracy and Economic Growth. Political Research Quarterly, 49(1), 5–26.10.1177/106591299604900102
  47. Lerner, J. (2009). The Empirical Impact of Intellectual Property Rights on Innovation: Puzzles and Clues. American Economic Review, 99, 343–348.10.1257/aer.99.2.343
  48. Libecap, G. (1989). Contracting for Property Rights. Cambridge University Press. Cambridge.
  49. Lipset, S. M. (1960). Political Man: The Social Bases of Politics. New York: Doubleday.
  50. Mahoney, J. T. (2004). Economic Foundation of Strategy, Sage Publication.10.4135/9781452229850
  51. McLennan, P. and Le, Q. (2011). The Effects Of Intellectual Property Rights Violations On Economic Growth. Modern Economy, 2, 107–113.10.4236/me.2011.22015
  52. Mijiyawa, A. (2009). Democracy Rules: The Prevalence of Political Approach in Determining the Quality of Private Property Rights Institutions. Working Paper, 1–44.
  53. Mocan, N. (2004). What Determines Corruption? International Evidence From Micro Data. NBER Working Paper Series, No. 10460.10.3386/w10460
  54. Montesquieu. (1748). The spirit of laws. With the exception of the chapter on commerce, which is not in the Carrithers edition, all page number citations are from Montesquieu (ed. Carrithers 1977). The chapter on commerce is taken from the complete version of Spirit at http://www.constitution.org/cm/sol-02.htm, accessed on 4 April 2015.
  55. Narayan, P. K. (2005). The Saving And Investment Nexus for China: Evidence From Cointegration Tests. Applied Economics, 37(17), 1979–1990.10.1080/00036840500278103
  56. Narayan, P. K. and Narayan, S. (2005). Estimating Income and Price Elasticities of Imports For Fiji in a Cointegration Framework. Economic Modelling, 22, 423–438.10.1016/j.econmod.2004.06.004
  57. Narayan, P. K. and Smyth, R. (2005). Trade Liberalization and Economic Growth in Fiji An Empirical Assessment Using the ARDL Approach. Journal of The Asia Pacific Economy, 10(1), 96–115.10.1080/1354786042000309099
  58. Narayan, P. K. and Smyth, R. (2006). What Determines Migration Flows From Low-Income to High-Income Countries? An Empirical Investigation of Fiji-U.S. Migration 1972–2001. Contemporary Economic Policy, 24(2), 332–342.
  59. Nee, V. (2003). The New Institutionalism in Economics and Sociology. CSES Working Paper Series, 4, November.
  60. North, D. and Weingast, B. (1989). Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century Britain. Journal of Economic History, 49(4), 803–832.10.1017/S0022050700009451
  61. North, D. (1990). Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press.10.1017/CBO9780511808678
  62. North, D. C. (1991). Institutions. The Journal of Economic Perspectives, 5(1), 97–112.10.1257/jep.5.1.97
  63. North, D. C. (2002). Kurumlar, Kurumsal Değişim ve Ekonomik Performans. Çev: Gül Çağalı Güven, Cambridge University Press, Sabancı Üniversitesi Yayınları, İstanbul.
  64. Ojah, K., Gwatidzo, T. and Kaniki, S. (2010). Legal Environment, Finance Channels and Investment: The East African Example. The Journal of Development Studies, 46(4), 724–744.10.1080/00220380903012722
  65. Park, G. and Ginarte, J. (1997). Intellectual Property Rights And Economic Growth. Contemporary Economic Policy, 15, 51–61.10.1111/j.1465-7287.1997.tb00477.x
  66. Pesaran, M. H. (1997). The Role of Economic Theory in Modeling The Long Run. The Economic Journal, 107(440), 178–191.10.1111/1468-0297.00151
  67. Pesaran, M. H., Shin, Y. and Smith, R. J. (2001). Bounds Testing Approaches to The Analysis of Level Relationships. Journal of Applied Econometrics, 16, 289–326.10.1002/jae.616
  68. Pourshahabi, F. Mahmoudinia, D. and Soderjani, E. S. (2011). FDI, Human Capital, Economic Freedom and Growth in OECD Countries. Research Journal of International Studies, 19, 71–81.
  69. Przeworski, A. and Fernando, L. (1993). Political Regimes and Economic Growth. Journal of Economic Perspectives, 7(3), 51–69.10.1257/jep.7.3.51
  70. Rodrik, D. (2000). Institutions For High-Quality Growth: What They Are And How To Acquire Them. NBER Working paper 7540.10.3386/w7540
  71. Rodrik, D. (2004). Getting Institutions Right. CESIFO DICE Report, 2(2), 10–15.
  72. Richardson, C. J. (2005). The Loss of Property Rights and The Collapse of Zimbabwe. Cato Journal, 25(3), 541–565.
  73. Samuel, A. (2011). Intellectual Property Rights, Innovations, And Economic Growth In Sub-Saharan Africa. Journal of Third World Studies, 28, 231–236.
  74. Sattar, A. and Mahmood, T. (2011). Intellectual Property Rights And Economic Growth: Evidences From High, Middle And Low Income Countries. Pakistan Economic and Social Review, 49, 163–186.
  75. Smith, A. (1776). An Enquiry into the Nature and Causes of the Wealth of Nations, Ed.10.1093/oseo/instance.00043218
  76. Svensson, J. (1998). Investment, property rights and political instability: Theory and evidence. European Economic Review, 42(7), 1317–1341.10.1016/S0014-2921(97)00081-0
  77. Şimşek, M. and Kadılar, C. (2005). Türkiye’nin İhracat Talebi Fonksiyonunun Sınır Testi Yöntemi ile Eşbütünleşme Analizi. Doğuş Üniversitesi Dergisi, 6(1), 144–152.10.31671/dogus.2019.291
  78. Tarı, R. and Yıldırım, D. Ç. (2009). Döviz Kuru Belirsizliğinin İhracata Etkisi: Türkiye İçin Bir Uygulama. Yönetim ve Ekonomi Dergisi, 16(2), 95–105.
  79. Thompson, M. and Rushing, F. (1999). An Empirical Analysis Of The Impact Of Patent Protection Of Economic Growth: An Extension. Journal of Economic Development, 24, 67–76.
  80. Tornell, A. (1997). Economic Growth and Decline With Endogenous Property Rights. Journal of Economic Growth, 2, 219–250.10.1023/A:1009749908420
  81. Torstensson, J. (1994). Property Rights and Economic Growth: An Empirical Study. Kyklos, 47, 231–247.10.1111/j.1467-6435.1994.tb02257.x
  82. Uzun, M. (2009). Mülkiyet Hakları ve Ekonomik Gelişme. Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi, 23(1), 291–308.
  83. Valeriani, E. and Peluso, S. (2011). The Impact Of Institutional Quality On Economic Growth And Development: An Empirical Study. Journal of Knowledge Management, Economics and Information Technology, 1(6), 1–25.
  84. Yapraklı, S. (2010). Türkiye’de Esnek Döviz Kuru Rejimi Altında Dış Açıkların Belirley-icileri: Sınır Testi Yaklaşımı. Ankara Üniversitesi SBF Dergisi, 65(4), 141–164.10.1501/SBFder_0000002188
  85. Yılancı, V. (2009). Fisher Hipotezinin Türkiye İçin Sınanması: Doğrusal Olmayan Eşbütünleşme Analizi Yaklaşımı. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 23(4), 205–213.
  86. Yılancı, V. (2012). Türkiye’de Para Talebi İstikrarlılığının Testi: Kayan Pencerelerde Sınır Testi Yaklaşımı. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 33, 67–74.
  87. Williamson, O. E. (1985). The Economic Institutions of Capitalism. New York: The Free Press.
DOI: https://doi.org/10.1515/danb-2015-0014 | Journal eISSN: 1804-8285 | Journal ISSN: 1804-6746
Language: English
Page range: 217 - 239
Published on: Jan 6, 2016
Published by: European Association Comenius - EACO
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2016 Ceyhun Haydaroğlu, published by European Association Comenius - EACO
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.