Stronger Property Rights Enforcement Does Not Hurt Social Welfare -A Comment on Gonzalez’ “Effective Property Rights, Conflict and Growth (JET, 2007)”-

Title
Stronger Property Rights Enforcement Does Not Hurt Social Welfare -A Comment on Gonzalez’ “Effective Property Rights, Conflict and Growth (JET, 2007)”-
Authors
Yoo, Yoon-Ha
Keywords
Property rights; Conflict; Diversion; Investment; Growth
Issue Date
2013-06
Series/Report no.
KDI Working Paper Series;WP13-02
Abstract
In his recent paper in JET, Gonzalez (2007) issues a warning that gradual improvement in property rights enforcement may sometimes backfire and hurt social welfare through its unintended instigation of appropriative activities. By introducing a new property-rights parameter within the Gonzalez’ growth model, however, this note reinstates the monotone relationship between property rights and social welfare discredited by Gonzalez.
URI
http://archives.kdischool.ac.kr/handle/11125/17421
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Appears in Collections:
KDI School Working Paper Series


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