Threats to property rights: Effects on economic performance of the manufacturing sector in Indian states

Atsushi Kato, Takahiro Sato

Research output: Contribution to journalArticle

Abstract

We examine the effects of the threats to property rights on the economic performance of the manufacturing sector in Indian states. We constructed indices of the threats using data on crime against property rights. In our analysis, we correct for the problem of underreporting of crimes in official crime data. The results of our instrumental variable estimation show that not only threats to private property but also to contracts adversely affect the performance of the manufacturing sector in India. We also extend our basic model to examine the effects of kidnapping and the scale economies of property rights protection.

Original languageEnglish
Pages (from-to)65-81
Number of pages17
JournalJournal of Asian Economics
Volume26
DOIs
Publication statusPublished - 2013 Jun 1
Externally publishedYes

Keywords

  • Contract
  • Gross value added
  • Property rights
  • TFP

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Threats to property rights: Effects on economic performance of the manufacturing sector in Indian states'. Together they form a unique fingerprint.

  • Cite this