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Joshua Ang and Jason C. Patalinghug
''Property rights and economic growth: A dynamic GMM analysis''
( 2021, Vol. 41 No.3 )
This paper examines the role of property rights and other factors to the growth of real gross domestic product (GDP) per capita. We show using a two-step system generalized method of moments (GMM) dynamic model and a panel data set of around 150 countries from 2006 to 2018 that property rights have a positive and significant effect on the growth of real GDP per capita. The paper also found that human capital, physical capital and inflation have significant effects on real GDP per capita growth.
Keywords: Economic growth, Property rights, Generalized method of moments
JEL: O4 - Economic Growth and Aggregate Productivity: General
C1 - Econometric and Statistical Methods: General
Manuscript Received : Sep 17 2021 Manuscript Accepted : Sep 17 2021

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