Better Safe than Sorry
How Property Rights and Veto Players Jointly Affect Economic Growth
Bibliographic Data
| ID | 6141062 |
|---|---|
| Authors | Mogens Kamp Justesen (0000-0001-5985-9600, Copenhagen Business School, corresponding author) |
| Year | 2014 |
| Volume | 46 |
| Issue | 2 |
| Pages | 147-167 |
| Publication date | 2014-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Comparative Politics (JOURNAL) |
| Journal identifiers | ISSN: 0010-4159 • E-ISSN: 2151-6227 |
| Publisher | Comparative Politics CUNY (PUBLISHER) |
| DOI | 10.5129/001041514809387360 |
| OpenAlex | W2001986519 |
| Language | EN |
| Citations received | 5 |
A growing literature argues that division of powers matter for economic growth by increasing the security of property rights. However, less effort has been devoted to examining the political and institutional conditions under which property rights have economic effects. This paper emphasizes that the economic effects of property rights depend on the division of powers between veto players, meaning that the interaction of veto players and property rights matters for economic growth. This argument is tested empirically on a panel of developing countries. The results show that the economic effects of property rights increase significantly as power sharing between veto players increases. This suggests that property rights matter mainly in the context of institutions dividing political powers between veto players
Argument (complex analysis · Context (archaeology · Economic system · Economics · Law and economics · Microeconomics · Political science · Politics · Property (philosophy · Property rights · Veto · Corruption and Economic Development · Culture, Economy, and Development Studies · Fiscal Policy and Economic Growth · Law
| Citations per year | 0.38 |
|---|---|
| Citation span | 2013 - 2021 (9) |
| Highly cited | No |