From Coercion to Politics to Law: The Evolution of Property Rights Protection
2013/12/17
研討會日期 : 2013-12-17
時間 : 14:30
主講人 : Professor Fali Huang
地點 : Conference Room B110
演講者簡介 : Professor Huang received her Ph.D. in Economics from University of Pennsylvania in 2003. She is currently an Associate Professor in School of Economics, Singapore Management University. Her research fields are Applied Microeconomics (Institutions, Education, Economic Governance), Political Economy of Development and Growth.
演講摘要 : This paper shows how property rights security improves over time as a result of increasing legal quality and political democratization in a political economy context, where political and legal institutions adapt to evolving factor composition of land and capital in the dynamic economic development process. There seems to exist a clear sequence of different forms of protection in that it is unlikely to have a strong rule of law with an exploitative political regime, or to have a democratic political system when the distribution of potential coercive power is too skewed. The routine form of protection thus shifts from coercion to politics and then to law. The predictions of the model are consistent with general historical patterns in England.
