Journal of Political Economy Vol. 103 No. 5 1995
Property Rights and Investment Incentives: Theory and Evidence from Ghana
Abstract
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.
- Volume
- 103
- Issue
- 5
- Pages
- 903-937
- Sources
- bibtex:phds-export.bib