Property Rights Institutions and Investment
This paper examines the channels through which alternative property rights institutions affect investment. These institutions are defined by a society's enforced laws, regulations, governance mechanisms and norms concerning the use of resource...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/05/5138710/property-rights-institutions-investment http://hdl.handle.net/10986/14135 |
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okr-10986-141352021-04-23T14:03:21Z Property Rights Institutions and Investment Saleh, Jahangir ADVERSE SELECTION AQUIFERS ASSETS BANKRUPTCY BARGAINING BARGAINING POWER BORROWING COMMON PROPERTY COMMON PROPERTY RESOURCES COMPENSATION COMPETITIVE MARKETS CONSERVATION CONTRACTUAL ARRANGEMENTS COOPERATIVE AGREEMENTS CRAFTSMEN DAMAGES DEVELOPING COUNTRIES DISTRIBUTION OF WEALTH ECONOMIC CIRCUMSTANCES ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE ECONOMICS ECONOMIES OF SCALE EFFICIENT OUTCOMES ENFORCEMENT MECHANISMS ENTITLEMENTS EQUILIBRIUM EXPECTED RETURNS EXTERNAL COSTS EXTERNALITY FISHERIES GOVERNMENT REGULATION GOVERNMENT REGULATIONS HOUSEHOLDS INCENTIVE PROBLEMS INCOME INCREASING RETURNS INNOVATION INSURANCE INTELLECTUAL PROPERTY RIGHTS LANDS LOCAL COMMONS MARGINAL BENEFITS MARGINAL COSTS MARGINAL VALUE MARKET ECONOMIES MARKET FAILURES MORAL HAZARD NATURAL MONOPOLIES NEGATIVE EXTERNALITIES OIL OIL RESERVES OPEN ACCESS OPEN ACCESS RESOURCES POLLUTION POTENTIAL EFFECTS PRIVATE OWNERSHIP PRIVATE PROPERTY PRIVATE PROPERTY RIGHTS PRODUCTION ACTIVITIES PRODUCTIVITY PROPERTY RIGHTS PROPERTY VALUES PUBLIC GOODS RESOURCE ALLOCATION RESOURCE USE SOCIAL BENEFITS SOCIAL COSTS SUBTRACTABILITY TAXATION TRAGEDY OF THE COMMONS TRANSACTION COSTS TRANSACTIONS COSTS WEALTH WELFARE FUNCTION This paper examines the channels through which alternative property rights institutions affect investment. These institutions are defined by a society's enforced laws, regulations, governance mechanisms and norms concerning the use of resources. A transaction cost framework is used to analyze the incentive impact of various types of property rights, liability rules, and rules regarding contracts. This framework is used to discuss the legal and cultural conditions necessary for the formation of productivity-enhancing organizations and the proper role of government in providing the infrastructure for private investment. A brief section examines the role of cultural and religious norms in determining the economic effectiveness of legal systems, with a focus on Islamic countries. The final section evaluates empirical approaches used to discover the specific ways property rights structures affect investment and growth. 2013-06-24T14:06:33Z 2013-06-24T14:06:33Z 2004-05 http://documents.worldbank.org/curated/en/2004/05/5138710/property-rights-institutions-investment http://hdl.handle.net/10986/14135 English en_US Policy Research Working Paper;No.3311 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ADVERSE SELECTION AQUIFERS ASSETS BANKRUPTCY BARGAINING BARGAINING POWER BORROWING COMMON PROPERTY COMMON PROPERTY RESOURCES COMPENSATION COMPETITIVE MARKETS CONSERVATION CONTRACTUAL ARRANGEMENTS COOPERATIVE AGREEMENTS CRAFTSMEN DAMAGES DEVELOPING COUNTRIES DISTRIBUTION OF WEALTH ECONOMIC CIRCUMSTANCES ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE ECONOMICS ECONOMIES OF SCALE EFFICIENT OUTCOMES ENFORCEMENT MECHANISMS ENTITLEMENTS EQUILIBRIUM EXPECTED RETURNS EXTERNAL COSTS EXTERNALITY FISHERIES GOVERNMENT REGULATION GOVERNMENT REGULATIONS HOUSEHOLDS INCENTIVE PROBLEMS INCOME INCREASING RETURNS INNOVATION INSURANCE INTELLECTUAL PROPERTY RIGHTS LANDS LOCAL COMMONS MARGINAL BENEFITS MARGINAL COSTS MARGINAL VALUE MARKET ECONOMIES MARKET FAILURES MORAL HAZARD NATURAL MONOPOLIES NEGATIVE EXTERNALITIES OIL OIL RESERVES OPEN ACCESS OPEN ACCESS RESOURCES POLLUTION POTENTIAL EFFECTS PRIVATE OWNERSHIP PRIVATE PROPERTY PRIVATE PROPERTY RIGHTS PRODUCTION ACTIVITIES PRODUCTIVITY PROPERTY RIGHTS PROPERTY VALUES PUBLIC GOODS RESOURCE ALLOCATION RESOURCE USE SOCIAL BENEFITS SOCIAL COSTS SUBTRACTABILITY TAXATION TRAGEDY OF THE COMMONS TRANSACTION COSTS TRANSACTIONS COSTS WEALTH WELFARE FUNCTION |
| spellingShingle |
ADVERSE SELECTION AQUIFERS ASSETS BANKRUPTCY BARGAINING BARGAINING POWER BORROWING COMMON PROPERTY COMMON PROPERTY RESOURCES COMPENSATION COMPETITIVE MARKETS CONSERVATION CONTRACTUAL ARRANGEMENTS COOPERATIVE AGREEMENTS CRAFTSMEN DAMAGES DEVELOPING COUNTRIES DISTRIBUTION OF WEALTH ECONOMIC CIRCUMSTANCES ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE ECONOMICS ECONOMIES OF SCALE EFFICIENT OUTCOMES ENFORCEMENT MECHANISMS ENTITLEMENTS EQUILIBRIUM EXPECTED RETURNS EXTERNAL COSTS EXTERNALITY FISHERIES GOVERNMENT REGULATION GOVERNMENT REGULATIONS HOUSEHOLDS INCENTIVE PROBLEMS INCOME INCREASING RETURNS INNOVATION INSURANCE INTELLECTUAL PROPERTY RIGHTS LANDS LOCAL COMMONS MARGINAL BENEFITS MARGINAL COSTS MARGINAL VALUE MARKET ECONOMIES MARKET FAILURES MORAL HAZARD NATURAL MONOPOLIES NEGATIVE EXTERNALITIES OIL OIL RESERVES OPEN ACCESS OPEN ACCESS RESOURCES POLLUTION POTENTIAL EFFECTS PRIVATE OWNERSHIP PRIVATE PROPERTY PRIVATE PROPERTY RIGHTS PRODUCTION ACTIVITIES PRODUCTIVITY PROPERTY RIGHTS PROPERTY VALUES PUBLIC GOODS RESOURCE ALLOCATION RESOURCE USE SOCIAL BENEFITS SOCIAL COSTS SUBTRACTABILITY TAXATION TRAGEDY OF THE COMMONS TRANSACTION COSTS TRANSACTIONS COSTS WEALTH WELFARE FUNCTION Saleh, Jahangir Property Rights Institutions and Investment |
| relation |
Policy Research Working Paper;No.3311 |
| description |
This paper examines the channels through
which alternative property rights institutions affect
investment. These institutions are defined by a
society's enforced laws, regulations, governance
mechanisms and norms concerning the use of resources. A
transaction cost framework is used to analyze the incentive
impact of various types of property rights, liability rules,
and rules regarding contracts. This framework is used to
discuss the legal and cultural conditions necessary for the
formation of productivity-enhancing organizations and the
proper role of government in providing the infrastructure
for private investment. A brief section examines the role of
cultural and religious norms in determining the economic
effectiveness of legal systems, with a focus on Islamic
countries. The final section evaluates empirical approaches
used to discover the specific ways property rights
structures affect investment and growth. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Saleh, Jahangir |
| author_facet |
Saleh, Jahangir |
| author_sort |
Saleh, Jahangir |
| title |
Property Rights Institutions and Investment |
| title_short |
Property Rights Institutions and Investment |
| title_full |
Property Rights Institutions and Investment |
| title_fullStr |
Property Rights Institutions and Investment |
| title_full_unstemmed |
Property Rights Institutions and Investment |
| title_sort |
property rights institutions and investment |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/05/5138710/property-rights-institutions-investment http://hdl.handle.net/10986/14135 |
| _version_ |
1764430597119279104 |