Property Rights and Economic Growth: Evidence from a Natural Experiment

Posted: 12 Jun 2008

See all articles by Liam Brunt

Liam Brunt

NHH - Norwegian School of Economics; Centre for Economic Policy Research (CEPR)

Multiple version iconThere are 2 versions of this paper

Date Written: September 2007

Abstract

In 1795 the British took control of the Cape colony (South Africa) from the Dutch; and in 1843 they exogenously changed the legal basis of landholding, giving more secure property rights to landholders. Since endowments and other factors were held constant, these changes offer clean tests of the effects on economic growth of colonial identity and secure property rights. The effects of both changes were immediate, positive and large. Other legal and institutional changes, such as the move to a common law system in 1827, had no such effects on economic growth.

Keywords: Economic growth, Legal origins, Property rights

JEL Classification: N47, O43

Suggested Citation

Brunt, Liam, Property Rights and Economic Growth: Evidence from a Natural Experiment (September 2007). Available at SSRN: https://ssrn.com/abstract=1138517

Liam Brunt (Contact Author)

NHH - Norwegian School of Economics ( email )

Department of Economics
Helleveien 30
N-5035 Bergen, Hordaland
Norway

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
704
PlumX Metrics