Construct · 1 fields · 1 citations

property rights versus contracting institutions: a standalone construct

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Development economics

distinction between institutions that protect citizens from expropriation by elites and those that enforce private contracts, each with separate effects on development.

In development economics, property rights versus contracting institutions refers to distinction between institutions that protect citizens from expropriation by elites and those that enforce private contracts, each with separate effects on development. This meaning comes from Acemoglu (2005) in Journal of Political Economy.[1]

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Nearby constructs

development1 fields · 2 citationsanchor · a standalone construct property4 fields · 4 citationsjingle · one word, four constructs ownership4 fields · 5 citationsjingle · one word, four constructs

References

Acemoglu, D., & Johnson, S. (2005). Unbundling Institutions. Journal of Political Economy, 113(5), 949-995. https://doi.org/10.1086/432166

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