scholarly journals Common and Private Property to Exhaustible Resources: Theoretical Implications for Economic Growth

2010 ◽  
Author(s):  
Kirill Borissov ◽  
Alexander Surkov
Keyword(s):  
Economic Growth ◽  
Private Property ◽  
Exhaustible Resources

Problems Of Investment Attractiveness In The Economy Of Uzbekistan

GIS Business ◽  
2020 ◽  
Vol 15 (1) ◽  
pp. 241-245
Author(s):  
Khamrakulova O.D. ◽  
Bektemirov A.B.
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Private Property ◽  
Economic Reforms ◽  
The State ◽  
Structural Reforms ◽  
The Development Strategy ◽  
Macroeconomic Stability

The deepening of economic reforms in Uzbekistan is closely linked to the strengthening of macroeconomic stability and the maintenance of high rates of economic growth and competitiveness, the continuation of institutional and structural reforms to reduce the presence of the State in the economy, and the further strengthening of the protection of rights and the priority role of private property, as reflected in the Development Strategy for 2017-2021.

Institutional reversals and economic growth: Palestine 1516–1948

2011 ◽  
Vol 8 (1) ◽  
pp. 119-141 ◽  
Author(s):  
ANDREW SCHEIN
Keyword(s):  
Economic Growth ◽  
Private Property ◽  
18Th Century ◽  
First World War ◽  
World War ◽  
The People ◽  
The First World War ◽  
The Right ◽  
The 19Th Century ◽  
First World

Abstract:This study examines the type and quality of institutions in Palestine and the correlation between the institutions and economic growth in Palestine from 1516 to 1948. Initially in the 16th century, with the Ottoman conquest of the area, institutions in Palestine involved de facto private user-rights. The level of expropriation by elites was low, and this enabled the people to develop the lands that they had acquired the right to cultivate. In the 17th and 18th centuries, with the exception of the Galilee in the middle of the 18th century, institutions became extractive due to tax farming, rapacious governors and Bedouin raids. From the middle of the 19th century until 1948, there was a second reversal back to private property institutions, first slowly until the First World War, and then more rapidly under the British Mandate after the First World War. When there were private property institutions the economy prospered, while when there were extractive institutions, the economy stagnated.

scholarly journals Institutions and Economic Growth in Sub-Saharan African Countries: The Effect of Investment Climate Quality

2020 ◽  
Vol 8 (04) ◽  
pp. 1706-1730
Author(s):  
Nyemb Pagbe Rémi Degourmond
Keyword(s):  
Economic Growth ◽  
Private Property ◽  
Composite Index ◽  
Principal Component ◽  
Sub Saharan Africa ◽  
Investment Climate ◽  
African Countries ◽  
Composite Indices ◽  
Sub Saharan ◽  
The Impact

This paper assesses the impact of investment climate quality on economic growth for a sample of 21 countries in Sub-Saharan Africa (SSA), over the period 1996-2014. The investment climate is measured simultaneously by individual components and composite indices, in order to capture both its global and specific effects, with a view to possibly identifying the most determining factors in the economic growth of SSA countries. In addition, in order to verify the robustness of our results, two composite indices of investment climate were constructed using the Principal Component Analysis method, with variables from two main databases (the World Governance Indicators database of World Bank and the International Country Risk Guide database).By using fixed and random effects models based on Hausman test results, we generally find that investment climate is a major determinant of economic growth in the countries of the SSA of the study sample. This result is valid regardless of the composite index or the individual component considered. Fight against corruption, protection of private property rights, efficiency of government, the quality of bureaucracy and regulation appear to be the most decisive components in accelerating economic growth for the sample of country considered.

Commerce and Culture in the Global Economy

2008 ◽  
Vol 20 (1) ◽  
pp. 21-36
Author(s):  
William A. Garden ◽  
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Private Property ◽  
Cultural Exchange ◽  
Negative Effects ◽  
Global Culture ◽  
Private Property Rights ◽  
Social Instability ◽  
Growth Increase ◽  
Political Challenge

Increasing globalization in the form of greater international trade and immigration has both costs and benefits. Market institutims and secure private property rights are conducive to higher economic growth, but some point out that higher growth must be weighed against alleged social instability and, perhaps, cultural degeneration. However, globalization may increase stability and cultural output. Polling data suggest that antitrade, anti-migration views pose a political challenge to economic and cultural exchange. People are skeptical of the rapidity of change coming with globalization, which leads to backlashes that slow the process. Negative effects of globaltation include increases in prostitution, for example, and perceived alienation from the global culture There are tensions between economic change arul cultural vibrancy. Nonetheless, greater international integration and accompanying economic growth increase cultural diversity.

Economic growth and decline with exhaustible resources

De Economist ◽  
1975 ◽  
Vol 123 (1) ◽  
pp. 1-22 ◽  
Author(s):  
Jürg Niehans
Keyword(s):  
Economic Growth ◽  
Exhaustible Resources

scholarly journals Savings, Private Property and Sound Money

2018 ◽  
Author(s):  
Anton Chamberlin ◽  
G.P. Manish
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Time Preference ◽  
Private Property ◽  
Higher Order ◽  
Economic Calculation ◽  
Economic Growth And Development ◽  
Austrian Tradition ◽  
Monetary Order ◽  
Sustainable Economic Growth

The overarching goal of this paper is to provide an answer to the following question from the perspective of economists working within the Mengerian or Austrian tradition: What are the essential pre-requisites and pre-conditions for a process of economic growth and development to take place? In course of our discussion, we focus on three important pre-requisites. First, we look at the implications of the presence of time preference, especially for the importance that savings have for adopting longer and more productive production processes and boosting productivity. Second, we analyze the problem of economic calculation and isolate the important institutional pre-conditions that are necessary for the allocation of higher order goods: private property in higher order goods and the use of money. These institutional pre-conditions, as we discuss, are thus also essential for the process of economic growth. And finally, we discuss the importance of a sound monetary order for generating sustainable economic growth.

scholarly journals Nowy Lockeański argument na rzecz socjalizmu: kontraktualizm w świetle teorii ekonomicznej

2020 ◽  
Vol 64 (4) ◽  
pp. 7-18
Author(s):  
Dariusz Grzybek ◽  
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Public Good ◽  
Scientific Knowledge ◽  
Common Property ◽  
Private Property ◽  
Animal Husbandry ◽  
Economic Life ◽  
The People ◽  
Key Factor

This article analyses the implications from modern economic theory on political philosophy. As economic growth seems the main fact of economic life, so progress of science is a key factor of economic growth in the long perspective. Scientific knowledge analyzed by economic terms appears as a kind of public good. This statement was tested against Lockeian property theory, fundamental for modern liberalism. According to Lockeian arguments, private property is a consequence of human self-ownership. If humans are the owners of their bodies, the fruits of their labor are thus legimatized property for them. Nature is indispensable in production; however we could consider them as God’s Gift. According to Locke’s theory, natural resources are the common property of all humankind, unless the people choose agriculture and animal husbandry. As we consider all natural resources to be God’s Gift, we could see them as the property of the whole human race. This indicates a claim for the egalitarian distribution of social income. This reasoning is an Old Lockeian Argument for Socialism. The New Argument is based on the assumption that scientific knowledge is the key resource used in the process of production and that knowledge is a free gift for humanity from the community of scientists. Using the terminology of economics, scientific knowledge takes the form of public good. Therefore, as science is the main factor in technological progress and economic growth, their fruits should be distributed among all people in an egalitarian mode.

Sign in / Sign up

Export Citation Format

Share Document