Economic Development and Property Rights in Developing Countries
IDE Research Bulletin
PDF (224KB)
ABSTRACT
What
influence
does
the
legal
system
that
stipulates
property
rights
have
over
the
state
of
economic
activities
of
people?
This
study
investigates
this
question
from
both
theoretical
and
practical
aspects.
For
our
theoretical
study,
we
investigated
the
manner
in
which
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,
examining
the
respective
scope
of
the
analysis
and
its
suitability.
Simultaneously,
we
focused
on
the
way
the
laws
concerning
property
rights
reflect
economic
and
transactional
customs
that
are
formed
within
the
historical
and
cultural
path
dependency.
As
a
case
study,
we
will
explore
real
rights
in
the
Iranian
Civil
Code,
which
is
deeply
affected
by
traditional
Islamic
law,
and
will
argue
that
their
inherent
regional
nature
is
driven
from
path
dependency.