Property Rights as a Vehicle to Foster Economic Growth
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Date
2014
Authors
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Journal ISSN
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Publisher
Joseph Ayo Babalola University
Abstract
This paper studied the benefits of secured property and contract rights to foster economic development especially for developing economies. It examined this through individuals especially the poor accumulating and protecting properties in accordance with the Laws of the State in order to access finance for wealth creation. It described the rate and extent to which property rights protected by the state is an indication of how effective or ineffective the Laws of the States are with regards to the branches of government in existence especially the judiciary which is saddled with the responsibility to enforce the Laws of a State. It also showed the harmony between property rights, access to finance and economic development in relation to a market-based economy.
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Keywords
Property rights, access to finance, developing economy and economy development
Citation
9. Ugowe, A.O & Ojibara, H.B (2014): Property Right as a Vehicle to Foster Economic Development. Joseph Ayo Babalola University Law Journal. Vol.1 (1); 207-213, Published by the College of Law, Joseph Ayo Babalola University