Bose, Niloy; Murshid, Antu Panini; Wurm, Martin A. - In: World Development 40 (2012) 9, pp. 1784-1797
Using a variety of statistical approaches, we show that the relationship between property rights and growth is nonlinear; stronger enforcement of property rights raises growth up to a point before growth begins to decline. We provide a simple theoretical rationale for this conclusion using a...