Property Rights and Investment Incentives: Theory and Evidence from Ghana
从产权安全性、抵押贷款和交易收益三个理论角度分析产权对投资激励的影响，并利用加纳两个地区的实证数据检验理论，同时探讨产权内生性问题。
This paper examines the link between property rights and investment incentives. The author develops three theoretical arguments based on security of tenure, using land as collateral and obtaining gains from trade. The paper then presents empirical evidence from two regions in Ghana. The author investigates the possibility that rights are endogenous, with farmers making improvements to enhance their land rights. Finally, he suggests tests for which of the theories might explain the results. Copyright 1995 by University of Chicago Press.