xxxiv Contents of Volume 5

Appendix 4501
Data 4501
Endogeneity and control variables 4501
Panel data and dynamic responses 4502
Error dependence 4503
Heterogeneity 4503
Publication bias 4505
End Notes 4506
References 4511

CHAPTER 68 Property Rights and Economic Development 4525

Timothy Besley and Maitreesh Ghatak
Abstract 4525
Keywords 4525
1. Introduction 4526
2. Resource Allocation and Property Rights 4528
2.1 The role of property rights in limiting expropriation 4529
2.2 Insecure property rights as a barrier to trade 4534
2.3 Optimal assignment of property rights 4545
2.4 Evidence 4552
3. Endogenous Property Rights 4559
3.1 Expropriation 4559
3.2 Improving state effectiveness 4583
4. Concluding Comments 4588
End Notes 4589
References 4592

CHAPTER 69 Governance and Development 4597

Jean-Marie Baland, Karl Ove Moene and James A. Robinson

Abstract 4597
Keywords 4598
1. Introduction 4598
2. What is Governance 4602
3. Measurement 4603
3.1 Political institutions 4603
3.2 State capacity and effectiveness 4603
4. Theoretical Mechanisms 4608
4.1 The Political economy of governance in Sierra Leone 4610