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Journal of Economic Perspectives: Vol. 19 No. 3 (Summer 2005)
JEP Volume. 19, Issue 3 | 
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Law, Endowments and Property Rights
Article Citation
Levine, Ross. 2005. "Law, Endowments and Property Rights."
The Journal of Economic Perspectives,
19(3): 61-88.
DOI: 10.1257/089533005774357842
DOI: 10.1257/089533005774357842
Abstract
While scholars have hypothesized about the sources of variation in property rights for over 2500 years, it is only very recently that researchers have begun to test these theories empirically. This paper reviews both the theory and empirical evidence supporting and refuting the law and endowment views of property rights. The law view holds that historically determined differences in national legal traditions continue to shape cross-country differences in property rights. The endowment view argues that during European colonization, differences in climate, crops, the indigenous population, and the disease environment influenced long-run property rights.
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Authors
Levine, Ross
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