FY 2014/2015 Research Topic: C-01
Economic Development and Property Rights in Developing Countries
What influence does the legal system that stipulates property rights have over the state of people’s economic activities? The aim of this project is to investigate this question from theoretical and practical perspectives. In the theoretical study, we will investigate how social sciences, including economics, have dealt with the function, role and basis of property rights from the viewpoints of social justice, economic development and appropriate resource allocation. We will examine the respective scope of the analysis and its suitability. At the same time, we will investigate how laws concerning property rights reflect the economic and transactional customs that are formed within the historical and cultural path dependency. We will look at a usufructuary right of real estate in Iran as a case study and argue the influence of traditional Islamic law. Through this investigation, we will provide multiple perspectives for the conventional arguments of economics regarding the relationship between property rights and economic development.
April 2013 - March 2015