Advanced search
1 file | 1.25 MB Add to list

A 'de Soto effect' in industry? : evidence from the Russian Federation

(2015) JOURNAL OF LAW & ECONOMICS. 58(2). p.451-480
Author
Organization
Abstract
The strengthening of land rights has been proposed as a policy to reduce financial market frictions and promote private investment in low- and middle-income countries. But assessments of these potential effects have proven inconclusive. One reason may be that research has focused on actors that face difficulties accessing credit for reasons other than the security of land tenure. We explore the effect of greater tenure security in a setting in which non-land-related financial market frictions are apt to be mildthat is, among large urban industrial enterprises. Exploiting policy variation across Russian regions and firm-level survey data, we show that private land rights facilitate credit access and promote investment.
Keywords
cerise, PROPERTY-RIGHTS, INSTRUMENTAL VARIABLES, INVESTMENT INCENTIVES, TRANSITION, PRIVATIZATION, SELECTION, MARKETS, MODELS

Downloads

  • (...).pdf
    • full text
    • |
    • UGent only
    • |
    • PDF
    • |
    • 1.25 MB

Citation

Please use this url to cite or link to this publication:

MLA
Karas, Alexei, William Pyle, and Koen Schoors. “A ‘De Soto Effect’ in Industry? : Evidence from the Russian Federation.” JOURNAL OF LAW & ECONOMICS 58.2 (2015): 451–480. Print.
APA
Karas, Alexei, Pyle, W., & Schoors, K. (2015). A “de Soto effect” in industry? : evidence from the Russian Federation. JOURNAL OF LAW & ECONOMICS, 58(2), 451–480.
Chicago author-date
Karas, Alexei, William Pyle, and Koen Schoors. 2015. “A ‘De Soto Effect’ in Industry? : Evidence from the Russian Federation.” Journal of Law & Economics 58 (2): 451–480.
Chicago author-date (all authors)
Karas, Alexei, William Pyle, and Koen Schoors. 2015. “A ‘De Soto Effect’ in Industry? : Evidence from the Russian Federation.” Journal of Law & Economics 58 (2): 451–480.
Vancouver
1.
Karas A, Pyle W, Schoors K. A “de Soto effect” in industry? : evidence from the Russian Federation. JOURNAL OF LAW & ECONOMICS. 2015;58(2):451–80.
IEEE
[1]
A. Karas, W. Pyle, and K. Schoors, “A ‘de Soto effect’ in industry? : evidence from the Russian Federation,” JOURNAL OF LAW & ECONOMICS, vol. 58, no. 2, pp. 451–480, 2015.
@article{8513491,
  abstract     = {The strengthening of land rights has been proposed as a policy to reduce financial market frictions and promote private investment in low- and middle-income countries. But assessments of these potential effects have proven inconclusive. One reason may be that research has focused on actors that face difficulties accessing credit for reasons other than the security of land tenure. We explore the effect of greater tenure security in a setting in which non-land-related financial market frictions are apt to be mildthat is, among large urban industrial enterprises. Exploiting policy variation across Russian regions and firm-level survey data, we show that private land rights facilitate credit access and promote investment.},
  author       = {Karas, Alexei and Pyle, William and Schoors, Koen},
  issn         = {0022-2186},
  journal      = {JOURNAL OF LAW & ECONOMICS},
  keywords     = {cerise,PROPERTY-RIGHTS,INSTRUMENTAL VARIABLES,INVESTMENT INCENTIVES,TRANSITION,PRIVATIZATION,SELECTION,MARKETS,MODELS},
  language     = {eng},
  number       = {2},
  pages        = {451--480},
  title        = {A 'de Soto effect' in industry? : evidence from the Russian Federation},
  url          = {http://dx.doi.org/10.1086/684042},
  volume       = {58},
  year         = {2015},
}

Altmetric
View in Altmetric
Web of Science
Times cited: