The Enforcement Of Property Rights And Underdevelopment
Download The Enforcement Of Property Rights And Underdevelopment full books in PDF, epub, and Kindle. Read online free The Enforcement Of Property Rights And Underdevelopment ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
The Enforcement of Property Rights and Underdevelopment
Author | : Ms.Era Dabla-Norris |
Publisher | : International Monetary Fund |
Total Pages | : 23 |
Release | : 1999-09-01 |
Genre | : Business & Economics |
ISBN | : 145185496X |
Download The Enforcement of Property Rights and Underdevelopment Book in PDF, Epub and Kindle
This paper formalizes the role of legal infrastructure in economic development in a general equilibrium model with endogenously determined property rights enforcement. It illustrates the mutual importance of property rights protection and market production by the model’s multiplicity of equilibria. In one equilibrium, property rights are enforced and market activity is unhampered. In the other, property rights are not enforced, which discourages economic activity and leaves the economy without the resources and incentives to enforce property rights. Even identically endowed economies may therefore find themselves in very different equilibria.
The Enforcement of Property Rights and Underdevelopment Related Books
Pages: 23
Pages: 0
Pages: 376
Pages: 584
Pages: 605