Elites and Property Rights

Pages: 19 - 28
Published: Sep 20, 2012
Abstract
An elite derives its status from its relationship to property, whether physical or human capital. While stable property rights are necessary for everyday business, unstable property rights that result in major institutional changes (such as land reform) may have a positive impact on economic development. When are the ‘wrong’ property rights right? Institutional changes have a positive impact on economic development when a country’s elite can...
Paper Details
Title
Elites and Property Rights
Published Date
Sep 20, 2012
Pages
19 - 28
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