Property Rights and Economic Growth: A Case of Islamic Republic of Iran

Document Type : Research Paper

Authors

1 Assitant Professor of Economics, Department of Economics, University of Shiraz

2 Assosiate Professor of Economics, Department of Economics, University of Isfahan

Abstract

The main purpose of this paper is investigating the effect of secure property rights on economic growth. To do so, we use an endogenous growth model, some econometrics methods such as Gregory-Hansen's (2006) co-integration test, 2SLS estimation technique, and Iran data set during 1959-2006. The results show that having secure property rights has a positive effect on economic growth in short and long runs.

Keywords