The Property Right Protection Index
| Quick info | |
|---|---|
| Data type | Numeric |
| Scale | Metric |
| Value labels | Not applicable |
| Technical name | socstr_prp_prp |
| Category | Social structure |
| Label | The Property Right Protection Index |
| Related indicators |
|
The "The Property Right Protection Index", which spans 191 countries from 1994 to 2015, measures the level of protection for property rights. An increase in the index score signifies an improvement in property rights protection. The index ranges from a theoretical minimum of 0 (representing no protection) to a maximum of 100 (indicating complete protection).
Coding rules
Ouattara and Standaert (2020) developed a new property rights index that specifically focuses on the protection of these rights. Like many governance indicators, objective data for directly comparing the security of property rights across countries is scarce. As a result, perception-based indicators, such as survey data or expert assessments, are typically used to gauge the views of various stakeholders. The researchers combine a dataset of 18 such indicators from 7 different sources. The selection of these indicators depends on their ability to directly measure the extent to which a country's laws safeguard private property rights and how effectively the government enforces these laws, including the likelihood of expropriation. By concentrating solely on property rights, this approach enables the researchers to isolate their impact from other factors like the overall quality of the judicial system or broader institutional frameworks, ensuring a more precise alignment between theoretical models and empirical tests of property rights’ effects. This index is applied to as broad a set of countries and as long a time period as possible, covering 191 countries over a 20-year period from 1994 to 2014. Teorell et al. (2024:1327) define the variable as "The Poperty Rights Index measures (the perception of) the security of property rights, separately from other aspects of the rule of laws. It combines all publicly available information on the perception of the security of property rights (18 singular indicators of property rights)."
Bibliographic info
Citation:- Teorell, Jan, Aksel Sundström, Sören Holmberg, Bo Rothstein, Natalia Alvarado Pachon, Cem Mert Dalli, Rafael Lopez Valverde & Paula Nilsson (2024). The Quality of Government Standard Dataset, version Jan24. University of Gothenburg: The Quality of Government Institute, https://www.gu.se/en/quality-government, doi:10.18157/qogstdjan24
- Ouattara, Bazoumana, and Standaert, Samuel (2020). Property rights revisited. European Journal of Political Economy, 64, 101895. https://doi.org/https://doi.org/10.1016/j.ejpoleco.2020.101895
- Bennett, Daniel L. (2024). Chapter 15: Economic freedom and inequality: a survey of the empirical literature. In Handbook of Research on Economic Freedom, Cheltenham, UK: Edward Elgar Publishing. available from: < https://doi.org/10.4337/9781802206159.00025> [Accessed 14 August 2024]
Misc
Project manager(s): Responsible for data editing, description (WESIS) and entry: Andrea Schäfer (2021-2025, Version 0.001); Principal Investigator: Irene Dingeldey, Ulrich Mückenberger
Data release:- Version 0.001: Initial release with data from The Quality of Government Standard Dataset, version January 2024
Revisions: No revisions yet
Sources
- Teorell, Jan, Aksel Sundström, Sören Holmberg, Bo Rothstein, Natalia Alvarado Pachon, Cem Mert Dalli, Rafael Lopez Valverde & Paula Nilsson (2024). The Quality of Government Standard Dataset, version Jan24. University of Gothenburg: The Quality of Government Institute, https://www.gu.se/en/quality-government, doi:10.18157/qogstdjan24
- Ouattara, Bazoumana, and Standaert, Samuel (2020). Property rights revisited. European Journal of Political Economy, 64, 101895. https://doi.org/https://doi.org/10.1016/j.ejpoleco.2020.101895
