Do Property Rights Promote Investment But Cause Deforestation? Quasi-Experimental Evidence from Nicaragua

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Liscow, Zachary
Tax Law; Law
article description
As property rights have spread, promoted by organizations like the World Bank, it has become increasingly important to understand the consequences of improved property rights (see e.g., [14]). It is widely argued in the economic literature that property rights and the institutions that undergird them are essential for creating the incentives necessary for economic growth [1,51]. Many economists argue that property titling is one of the most effective ways to improve the lives of the poor, who often lack property rights [8,17,53].