IMF summary: secure property titles unlock capital and long-term investment among the poor.
Founder — edit Property enables planning
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I believe that property rights enable long-term planning and investment. People care for what they own and build; societies that undermine ownership undermine prosperity.
- Confidence
- High
- What could disprove it
- Show that weakening property rights increases investment, care for resources, and long-term prosperity.
- Current support
Uncertain property rights discourage saving, building, and maintenance.
Economic development correlates strongly with secure ownership.
Sample: de Soto estimated trillions in 'dead capital' locked in extralegal property among the poor without formal titles (IMF Finance & Development, 2001).
- Supporting resources
- Studies, data, books, and references that help express and test this belief.
Cross-country data on property registration and contract enforcement — key to planning horizons.
Panel study finding significant positive effect of property rights on GDP per capita growth.
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