Effect of Threats to Property Rights on Economic Performance of the Manufacturing Sector of Indian States

Abstract

We examine the effect of threats to property rights on the economic performance of the manufacturing sector of Indian states. We construct indices of the threats from data on crime against property rights. Our estimation results show that not only threats to private property, but also threats to contracts adversely affect the performance of India's manufacturing sector.Property right, Contract, Gross value added, Capital labor ratio, TFP