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Land Rights without Laws: Understanding Property Rights Institutions, Growth, and Development in Rural India
Working Paper

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CDDRL Working Papers

February 2009

Theorists of new institutional economics are often accused of treating formal property rights institutions as a silver bullet for solving problems of economic growth, political development, and particular cultures' successes. Yet the establishment of rights to property does not guarantee control over property. The relationship between formal property rights and economic development is unclear when legal rights to property are distinct from the informal capacity to control property. I consider formal institutions to be a set of rules with legal enforcement.

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