This factor scores the degree to which a country's laws protect private property rights and the degree to which its government enforces those laws. It also accounts for the possibility that private property will be expropriated. In addition, it analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts. The less certain the legal protection of property is and the greater the chances of government expropriation of property are, the higher a country's score is. The country's property rights score ranges from 0 and 100, where 100 represents the maximum degree of protection of property rights.
Type of variable: Continuous
Last updated by source: 2021-01-29