Did Insecure Property Rights Slow Economic Development? Some Lessons from Economic History

2006 ◽  
Vol 18 (1) ◽  
pp. 146-164 ◽  
Author(s):  
Naomi R. Lamoreaux
Keyword(s):  
Economic Development ◽  
Property Rights ◽  
Economic History ◽  
Long Day ◽  
Insecure Property Rights ◽  
Ranch House

Not long ago, a 43-year-old Wonder Bread deliveryman named John Dugger logged on to eBay and, as people sometimes do these days, bought himself a house. Not a shabby one, either. Nine rooms, three stories, rooftop patio, walls of solid stonework—it wasn't quite a castle, but it put to shame the modest redbrick ranch house Dugger came home to every weeknight after a long day stocking the supermarket shelves of Stillwater, Oklahoma. Excellent location, too; nestled at the foot of a quiet coastal hillside, the house was just a hike away from a quaint seaside village and a quick commute from two bustling cosmopolitan cities. It was perfect, in short, except for one detail: The house was imaginary.

The Significance of Regional Studies for the Elaboration of National Economic History

1960 ◽  
Vol 20 (4) ◽  
pp. 588-596 ◽  
Author(s):  
Henry W. Broude
Keyword(s):  
Economic Development ◽  
Economic History ◽  
Regional Differentiation ◽  
Regional Studies ◽  
National Economic ◽  
Methodological Problems ◽  
National Economic Development ◽  
Relationship Of ◽  
The Relationship ◽  
Point Of Departure

The purpose of this paper is to serve as a point of departure for discussion of the relationship of regional differentiation and growth to general economic development. In addition to touching on methodological problems, I hope to establish two specific points: (a) that the needs of economic history call for particular perspectives in delimiting regions, and (b) that study of regional interaction can provide insights in an understanding of national economic development.

Foreign Direct Investment and Trade Related Intellectual Property Rights (TRIPS): The Case of Latin American & Caribbean Developing Economies

2018 ◽  
pp. 1-17
Author(s):  
Mumtaz Hussain Shah
Keyword(s):  
Economic Development ◽  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
Latin American ◽  
Developing Economies ◽  
Intellectual Property Right ◽  
Market Size ◽  
Annual Data ◽  
Macroeconomic Stability

The growing share of knowledge-intensive products in international trade and the increasing sensitivity of multinational firms to intellectual property theft make it imperative to analyse the effect of IPR promulgation on their FDI decision. In this perspective the current article gauge the importance of Trade Related Intellectual Property Rights (TRIPS) agreement under World Trade Organisation (WTO) in increasing a Latin American & Caribbean (LAC) developing economy’s appeal for investors from abroad. Infrastructure and skilled labour availability, market size, macroeconomic stability, economic development, and trade liberalization are also considered. Time-invariant phenomena such as access to the sea, regional affiliations/proximities, income groupings and ability to speak one of the international languages, though desirable were not done because fixed effect panel estimation technique does not permit the use of dummy variables. Due to the 2008-2009 recession in the developed economies, the available investment funds withered, making the investors’ sceptic apropos the safety of their tangible and intangible property, especially in the developing world, causing a decrease in FDI to these nations in general. However, LAC countries were somewhat resilient and received a steadily increasing flow of foreign investment. Thus, it demands to analyse the factors that overcame the overseas investors’ scepticism and prompted them to invest in the LAC region. By utilizing annual data for 28 years that is 1989-2016 from 24 LAC developing nations it is found that infrastructure and human capital availability, macroeconomic stability, economic development, strengthening and worldwide harmonization of intellectual property right standards through TRIPS positively effects the overseas investor's investment decision. The host population used to measure market size is found to be insignificant when tested with other conventional FDI location pull factors. Similarly, liberalization, consistent with horizontal FDI theory, exerts a significant negative effect on inward FDI.

Iraq's stunted growth: human and economic development in perspective

2016 ◽  
Vol 9 (2) ◽  
pp. 212-236 ◽  
Author(s):  
Bassam Yousif
Keyword(s):  
Economic Development ◽  
Economic Performance ◽  
Economic History ◽  
Public Services ◽  
State Capacity ◽  
Economic Liberalization ◽  
Negative Effects ◽  
Human Capabilities ◽  
Stunted Growth ◽  
Institutional Decline

This article studies Iraq's recent economic development. It views development as a process mediated by institutions and driven by the attainment of human capabilities and capacities, including state capacity. This approach departs from the two prevalent sets of models that have been used to explain Iraq's lacklustre economic performance: theories that highlight the negative effects of oil on economic outcomes as well as those that stress the importance of the, often formulaic, application of policies that advocate economic liberalization and marketization. This study posits that many of Iraq's economic difficulties, including those of the provision of public services and realizing investment, are best comprehended as the result of prolonged institutional decline and decay in human capabilities, especially since 1990. What is more, the article contests some basic maxims concerning Iraq's recent economic history. For example, the post-2003 era is viewed primarily as a continuation of the sanctions period to the extent that it has been characterized by continued deterioration in both human capabilities and economic institutions, despite radically changed political and economic arrangements.

scholarly journals Measuring Nineteenth Century Regional Economic Growth: Historiography and Methods

2020 ◽  
Vol 16 (3) ◽  
pp. 241-268
Author(s):  
Dmitry Yu. Karasev
Keyword(s):  
Economic Growth ◽  
Nineteenth Century ◽  
Economic Development ◽  
Economic History ◽  
Regional Economic Growth ◽  
Late Nineteenth Century ◽  
Tertiary Sector ◽  
Regional Economic ◽  
Main Challenge ◽  
National Values

Introduction. The scope of regional economic inequality, its causes and consequences are relevant issues in the economic history. High regional inequality impedes representative estimation of national economic development and international comparison. The end of 19th and beginning of 20th centuries was the time when industrialization, states’ economic and political integration led to their regional divergence/convergence. Methods. The main challenge of measuring and accounting for 19th century regional economic growth is a scarcity of regional historical and economic statistics. Thus, the paper concerns with historiographical analysis of successful attempts to face this challenge in economic history. Results. It can be distinguished three approaches to historical regional economies accounting depending of relevant statistics availability: 1) for countries with high regional-data integrity, GRP can be estimated as a sum of its residents’ incomes (R. Easterling’s method); 2) for countries with moderate regional statistics being saved, it is possible to estimate GRP through distributing known GDP totals across regions on the basis of indicators of regional sectors’ shares (Geary-Stark method); 3) for countries with poor regional historical statistics it fits only short-cut approach on the basis of indirect regional economic indicators (Crafts’ approach and Good–Ma method). Furthermore, the paper deals with following methods and models used in quantitative explorations of unequal regional economic development: shift-share analysis, β and σ-convergence. Discussion. It appears that historical statistics from the Governors reports makes possible to distribute known national values added in the first and secondary sectors across provinces of the late-nineteenth century Russian Empire in the line with Geary–Stark methodology. The contribution of tertiary sector to the provinces’ economic growth could be estimated on the basis of indirect indicators from the same historical source and the other sources, following Good–Ma methodology. Finally, the cross-checking of the GRP to be calculated is possible through comparison with A. Markevich estimates for 1897.

Land Invasions, Insecure Property Rights and Production Decisions

2015 ◽  
Vol 66 (3) ◽  
pp. 660-671 ◽  
Author(s):  
Veronica Orellano ◽  
Paulo Furquim Azevedo ◽  
Maria Sylvia Saes ◽  
Viviam Ester Nascimento
Keyword(s):  
Property Rights ◽  
Production Decisions ◽  
Insecure Property Rights
Sign in / Sign up

Export Citation Format

Share Document