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来源类型Working Paper
规范类型报告
DOI10.3386/w27839
来源IDWorking Paper 27839
Measuring Property Rights Institutions
Simeon Djankov; Edward L. Glaeser; Valeria Perotti; Andrei Shleifer
发表日期2020-09-21
出版年2020
语种英语
摘要How do the different elements in the standard bundle of property rights – such as the right of possession or the right of transfer – differentially impact outcomes, such as urban development? This paper incorporates insecure property rights into a standard model of urban land prices and density, and makes predictions about investment in land and property, informality, and the efficiency of land use. Our empirical analysis links data on institutions related to land titling and transfer with multiple urban outcomes, from 190 countries. The evidence is generally consistent with the model’s predictions, and more broadly with the Demsetz’s (1967) approach to property rights institutions. Indeed, we document world-wide improvements in the quality of institutions facilitating property transfer over time.
主题Development and Growth ; Development ; Growth and Productivity ; Regional and Urban Economics ; Regional Economics
URLhttps://www.nber.org/papers/w27839
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/585510
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GB/T 7714
Simeon Djankov,Edward L. Glaeser,Valeria Perotti,et al. Measuring Property Rights Institutions. 2020.
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