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Economic Development, Property Rights, and War

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Two empirical studies in the current issue of the Cato Journal offer especially worthwhile reads.

The late Bernard Heitger looked at data [2]from different countries from 1975-1995. He found that

compared with the more traditional determinants of economic growth — such as physical and human capital accumulation and the growth rate of the working-age population — the impact of property rights is quite remarkable…. [I]t seems reasonable to classify property rights among the ultimate sources of economic growth

In another article [3], John Tures finds evidence that economic liberalization reduces (but doesn’t eliminate) conflict among nations.

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