| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16551 |
| 来源ID | Working Paper 16551 |
| Property Rights and Financial Development: The Legacy of Japanese Colonial Institutions | |
| Dongwoo Yoo; Richard H. Steckel | |
| 发表日期 | 2010-11-25 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Several studies link modern economic performance to institutions transplanted by European colonizers and here we extend this line of research to Asia. Japan imposed its system of well-defined property rights in land on some of its Asian colonies, including Korea, Taiwan and Palau. In 1939 Japan began to survey and register private land in its island colonies, an effort that was completed in Palau but interrupted elsewhere by World War II. Within Micronesia robust economic development followed only in Palau where individual property rights were well defined. Second, we show that well-defined property rights in Korea and Taiwan secured land taxation and enabled farmers to obtain bank loans for capital improvements, principally irrigation systems. Our analytical model predicts that high costs of creating an ownership updating system and a citizen identity system discourage a short-sighted government from implementing these crucial components, the absence of which gradually makes land registration obsolete. Third, considering all of Japan's colonies, we use the presence or absence of a land survey as an instrument to identify the causal impact of new institutions. Our estimates show that property-defining institutions were important for economic development, results that are confirmed when using a similar approach with British Colonies in Asia. |
| 主题 | Other ; Law and Economics ; History ; Financial History ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w16551 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574226 |
| 推荐引用方式 GB/T 7714 | Dongwoo Yoo,Richard H. Steckel. Property Rights and Financial Development: The Legacy of Japanese Colonial Institutions. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16551.pdf（1505KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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