PROPERTY-RIGHTS AND INVESTMENT INCENTIVES - THEORY AND EVIDENCE FROM GHANA

• 成果类型: Article
• 署名作者: BESLEY, T
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/262008
• 发表日期: 1995
• 页码: 903-937
• 关键词: sub-saharan africa; land-tenure; PRODUCTIVITY; systems

摘要

This paper examines the link between property rights and investment incentives. I develop three theoretical arguments based on security of tenure, using land as collateral and obtaining gains from trade. The paper then presents empirical evidence from two regions in Ghana. I investigate the possibility that rights are endogenous, with farmers making improvements to enhance their land rights. Finally, I suggest tests for which of the theories might explain the results.