خلاصة:
There are many indices for measuring property rights (PR) security. They may be classified into two groups: subjective proxies and objective proxies. Most of the proxies are subjective. One contribution of this paper is introducing a new approach for measuring government expenditures devoted to PR protection. Calculating physical capital within the introduced new approach is another contribution of this paper. Finally, the proposed approach is applied for measuring PR and physical capital in Iran.
ملخص الجهاز:
For example, you can see look at Tornell and Velasco (1992), Tornell and Lane (1999), Grossman and Kim (1996), Lindner and Stroulik (2004), Mino (2006), Gonzalez (2007), Rennani, Dallali and Samadi (2008), Sevensson (1998), Gradstein (2004), Dincer and Ellis (2005), Teng (2000), Sylwestre (2001), Palda (1999), Grossman and Kim (1996), and Anderson and Bandiera (2005).
In another study, Samadi and Ostadzad (2013) combined private-ordering and legal-centralist views of property rights and proposed an augmented endogenous growth model to calculate the optimum share of public and private sectors in property rights protection (PPRs).
The main aim of this study is to estimate time series of expenditures devoted to PR protection using a recursive method in the framework of an endogenous growth model.
Selecting the best parameters and assuming a given value of v , time series of physical capital and PR protection expenditure are stored using LAD and LS methods.
(2008), Moshiri and Nikpour (2007), Pazhuyan and Fagihnasiri (2008), Mahmoodzadeh (2010), Deliri et al.
Simulated and actual values of GDP per capita by LAD and LS methods Source: research findings Thus, based on the conducted tests and their predictability, the model has enough validity for calculating time series of per capita PR protection capital.