The eventuality of property rights on economic growth in developing countries

Abstract

One of the most important Factors for economic growth in each society is protecting property rights which can present Freedom, Safety and Justice that can lead to economic growth. For this purpose I tried to not only define the property rights but also accumulation of physical and human capital and also on economic growth. This study uses Dincer's (2007) model who suggests neoclassical growth model proposed by Mankiu et al. (1992) to analyze the effects of the property rights protection on the levels of economic performance. This study consists of 19 developing countries. The collected data covers the period from 2000-2010. It also predicts that protecting property rights has a positive effect on the accumulation of physical and human capital and economic growth.