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The Creation of the Rule of Law and the Legitimacy of Property Rights : The Political and Economic Consequences of a Corrupt Privatization

How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? The authors investigate the demand for the rule of law in post-communist economies after privatization under the assumption that theft is possible, that those who have "stolen" assets...

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Bibliographic Details
Main Authors: Hoff, Karla, Stiglitz, Joseph E.
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ADVERSE EFFECTS
AGENCY PROBLEMS
AGGREGATE DEMAND
AGGREGATE SUPPLY
ASSETS
CAPITAL FLIGHT
CONSTANT RETURNS TO SCALE
CORPORATE GOVERNANCE
CORRUPT PRACTICES
CORRUPTION
CREDIT RATIONING
DEMOCRACY
DISCOUNTED VALUE
EAST EUROPEAN
ECONOMIC PERFORMANCE
ECONOMIC POWER
EQUILIBRIUM
EXPECTED RETURN
EXPECTED RETURNS
EXTERNALITIES
GNP
GOVERNANCE INDICATORS
GROWTH PATH
INCOME
INEQUALITY
INSTITUTIONAL CHANGE
INSTITUTIONAL REFORM
INTEREST RATE
JUSTICE
LAW INDICATOR
LAWS
MACROECONOMIC POLICIES
MACROECONOMIC POLICY
MACROECONOMIC STABILIZATION
MACROECONOMIC STABILIZATION POLICY
MARKET ECONOMY
MONETARY POLICY
NATURAL RESOURCES
OLIGARCHY
PAYOFFS
POLITICAL INSTITUTIONS
PRIVATE PROPERTY
PRODUCTIVE ASSETS
PROPERTY RIGHTS
PUBLIC GOOD
RULE OF LAW
STEALING
TRANSITION ECONOMIES
TRANSITION ECONOMY
WEALTH
WEALTH CREATION
Online Access:http://documents.worldbank.org/curated/en/2005/12/6442799/creation-rule-law-legitimacy-property-rights-political-economic-consequences-corrupt-privatization
http://hdl.handle.net/10986/8581

Internet

http://documents.worldbank.org/curated/en/2005/12/6442799/creation-rule-law-legitimacy-property-rights-political-economic-consequences-corrupt-privatization
http://hdl.handle.net/10986/8581

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