Title
Effect of Threats to Property Rights on Economic Performance of the Manufacturing Sector of Indian States
Abstract
We examine the effect of threats to property rights on the economic performance of the manufacturing sector of Indian states. We construct indices of the threats from data on crime against property rights. Our estimation results show that not only threats to private property, but also threats to contracts adversely affect the performance of India's manufacturing sector.
Keywords: Property right, Contract, Gross value added, Capital labor ratio, TFPAtsushi KATO
School of Business, Aoyama Gakuin University
Takahiro SATO
Research Institute for Economics and Business Administration
Kobe University
Rokkodai-cho, Nada-ku, Kobe
657-8501
Japan
Phone: (81) 78 803 7036
Fax: (81) 78 803 7059