The two sides of de Soto: Property rights, land titling, and development
CW Kramer - The annual proceedings of the wealth and well-being …, 2011 - papers.ssrn.com
CW Kramer
The annual proceedings of the wealth and well-being of nations, 2011•papers.ssrn.comAbstract This essay examines Hernando De Soto's work on property rights, which can be
viewed as providing two separate testable hypotheses: 1) secure property rights are
positively correlated with access to credit and capital formation, which leads to economic
development, and 2) land titling programs provides the means to secure property rights. In
particular, Williamson argues that Hypothesis 1 is supported by both theoretical and
empirical arguments, while Hypothesis 2 lacks empirical evidence.
viewed as providing two separate testable hypotheses: 1) secure property rights are
positively correlated with access to credit and capital formation, which leads to economic
development, and 2) land titling programs provides the means to secure property rights. In
particular, Williamson argues that Hypothesis 1 is supported by both theoretical and
empirical arguments, while Hypothesis 2 lacks empirical evidence.
Abstract
This essay examines Hernando De Soto’s work on property rights, which can be viewed as providing two separate testable hypotheses: 1) secure property rights are positively correlated with access to credit and capital formation, which leads to economic development, and 2) land titling programs provides the means to secure property rights. In particular, Williamson argues that Hypothesis 1 is supported by both theoretical and empirical arguments, while Hypothesis 2 lacks empirical evidence.
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