1 2015 . INTERNATIONAL. PROPERTY. RIGHTS INDEX. THE 2015 EDITION REPRESENTS 99 PERCENT OF WORLD GROSS. DOMESTIC PRODUCT AND 94 PERCENT OF WORLD POPULATION. STUDY BY. DR. SARY LEVY-CARCIENTE. 2014/ 2015 Hernando De Soto Fellow A Project of the Property With Contributions by: Dr. Hernando De Soto, Wagner Lenhart, Rights Alliance Dr. Bu ra Kalkan, Dr. Bj rn Hasselgren, Patrick Krass n, Souad Adnane, Bienvenido Oplas, Jr., Giammarco Brenelli, Prof. Wolfgang Grassl 2015 IPRI PARTNER ORGANIZATIONS IPRI 2015 - EXECUTIVE SUMMARY. The International Property Rights Index (IPRI) is the flagship publication of the Property Rights Alliance (PRA). PRA, based in Washington, , is dedicated to promoting property rights around the world. In this year's production of the IPRI, PRA worked with 92 think tanks and policy organizations in 65 countries involved in research, policy development, education and promotion of property rights in their countries, to compile data for the index.
2 The 2015 edition of the IPRI examines 129 countries. The importance of property rights is directly related to the values and principles of individual liberty. A strong system of property rights not only promotes prosperity but also creates a virtuous cycle of human flourishing in society. The IPRI is an annual comparative study that aims to quantify the strength of property rights both physical and intellectual and to rank countries accordingly. The IPRI scores and ranks each country based on 10 factors reflecting the state of its Legal and Political Environment (LP), Physical Property Rights (PPR), and Intellectual Property Rights (IPR). The scope of this 2015 edition represents percent of the world Gross Domestic Product and percent of the world population. IPRI 2015 RESULTS.
3 The 2015 IPRI ranks a total of 129 countries from around the world. The selection of countries is determined solely by the availability of sufficient data. The increase in number of countries included in this year's IPRI is due to an increase in available data. The sample of 129 countries on the IPRI this year averaged a score of The Legal and Political Afghanistan's Economic and Legal Studies Organization (AELSO), Afghanistan, Foundation for Economic Freedom, Albania Fundaci n Environment (LP) was the weakest component with a score of , the Physical Property Rights Atlas 1853, Argentina Fundaci n Bases, Argentina Fundaci n Liberdad y Progreso, Argentina Fundaci n Libertad, Argentina Institute (PPR) was the strongest component with a score of , and the Intellectual Property Rights (IPR).
4 For Public Affairs, Australia My Choice, Australia Austrian Economics Center, Austria v. Hayek Institute, Austria The Nassau component fell in between with a score of Institute, Bahamas CPA, Bosnia Herzegovina Populi, Bolivia Instituto Liberdade, Brazil Institute for Market Economics, Bulgaria Centre 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 0 1 2 3 4 5. FIN 1 LTU 44 GTM 87 Des Affaires Humaines (CEDAH), Burkina Faso Frontier Centre for Public Policy, Canada Fundaci n para el Progreso, Chile Libertad y NOR 2 JOR 45 GAB 88 Desarrollo, Chile Cathay Institute of Public Affairs, China Unirule Institute of Economics, China Instituto de Ciencia Politica, Colombia NZL 3 HUN 46 HND 89 LUX 4 BHR 47 DOM 90 Asociaci n de Consumidores Libres, Costa Rica IDEAS, Costa Rica Centre de Analisis para Pol ticas P blicas (CAPP), Dominican Republic SGP 5 CRI 48 UGA 91 Instituto Ecuatoriano de Econom a Politica, Ecuador The Egyptian Center for Public Policy Studies, Egypt Institute for Economic Studies CHE 6 ESP 49 SLE 92 SWE 7 GHA 50 GUY 93 Europe (IES)
5 , France New Economic School, Georgia Friedrich Naumann Foundation , Germany Institute for Free Enterprise, Germany JPN 8 ITA 51 ARM 94 IMANI Center for Policy and Education, Ghana Greek Liberties Monitor (GLM), Greece CIEN, Guatemala Fundaci n El utera, Honduras CAN 9 LVA 52 GEO 95 NLD 10 CHN 53 BOL 96 The Lion Rock Institute, Hong Kong Centre for Civil Society, India Centre for Policy Research, India Liberty Institute, India India Institute, DNK 11 JAM 54 MLI 97 India Iraq Institute for Economic Reform , Iraq Hibernia Forum, Ireland Jerusalem Institute for Market Studies, Israel Competere, Italy AUS 12 ROU 55 CIV 98 GBR 13 GRC 56 MOZ 99 Think-in, Italy Istituto Bruno Leoni, Italy Institute for Development and Economic Affairs (IDEA), Kazakhstan Center for Free Enterprise, DEU 14 PAN 57 NPL 100 Korea Bishkek Business Club, Kyrgyz Republic Central Asian Free Market Institute, Kyrgyz Republic OHRID Institute for Economic USA 15 TUR 58 BFA 101 HKG 16 TTO 59 EGY 102 Strategies and International Affairs, Macedonia Institute for Democracy and Economic Affairs (IDEAS), Malaysia Southeast Asia Network AUT 17 KWT 60 AZE 103 for Development (SEANET), Malaysia/ASEAN Center of Research and Development (CIDAC), Mexico Instituto de Pensamiento Estrat gico QAT 18 SVN 61 DZA 104 IRL 19 IND 62 NIC 105 gora (IPEA), Mexico Fundaci n Idea, Mexico EBI Think Tank Institute, Mongolia Center for Entrepreneurship and Economic BEL 20 MAR 63 ETH 106 Development (CEED)
6 , Montenegro The Arab Center for Scientific Research and Humane Studies, Morocco Samriddhi Foundation , Nepal ARE 21 BRA 64 ARG 107 FRA 22 PHL 65 IRN 108 New Zealand Taxpayers' Union, New Zealand Initiative for Public Policy Analysis, Nigeria Civita, Norway International Research ISL 23 MKD 66 UKR 109 Foundation (IRF), Oman Alternate Solutions Institute, Pakistan Policy Research Institute of Market Economy (PRIME), Pakistan Pal-Think TWN 24 SWZ 67 SRB 110 MLT 25 BGR 68 CMR 111 for Strategic Studies, Palestinian Territories Fundaci n Libertad, Panama Contribuyentes por Respeto, Peru Institute for Liberty and CHL 26 THA 69 MDG 112 Democracy, Peru Instituto de Libre Empresa, Peru Minimal Government Thinkers, Inc., Philippines Ludwig von Mises Institute, Poland EST 27 IDN 70 MRT 113 MYS 28 HRV 71 PRY 114 Forum Obywatelskiego Rozwoju, Poland Polish-American Foundation for Economic Research and Education, Poland Warsaw Enterprise ZAF 29 SLV 72 ALB 115 Institute, Poland Center for Institutional Analysis and Development (CADI), Romania Libek, Serbia F.
7 A. Hayek Foundation , Slovakia PRT 30 LKA 73 MDA 116 CZE 31 COL 74 TCD 117 The Free Market Foundation , South Africa Civisimo, Spain Timbro, Sweden World Taxpayers Associations (WTA), Sweden Liberales ISR 32 MEX 75 PAK 118 Institute, Switzerland Institute of Future Studies for Development (IFD), Thailand Association for Liberal Thinking, Turkey Freedom OMN 33 ZMB 76 LBN 119 MUS 34 TUN 77 NGA 120 Research Association, Turkey Bow Group, UK Institute for Economic Affairs, UK Property Rights Alliance, USA Acton Institute, USA CYP 35 TZA 78 BDI 121 Center for the Dissemination of Economic Knowledge (CEDICE), Venezuela Zambia Institute for Public Policy Analysis (ZIPPA), Zambia . SAU 36 PER 79 ZWE 122 PRI 37 SEN 80 YEM 123 KOR 38 RUS 81 LBY 124 BWA 39 MNE 82 VEN 125 URY 40 KEN 83 HTI 126 FOR MORE INFORMATION, OR TO BE PART OF THE PARTNER ORGANIZATIONS, POL 41 MWI 84 AGO 127 RWA 42 VNM 85 BGD 128 PLEASE CONTACT LORENZO MONTANARI, EXECUTIVE DIRECTOR OF THE PROPERTY SVK 43 KAZ 86 MMR 129 RIGHTS ALLIANCE AT FIGURE 1 - 2015 IPRI Rankings by Country 900000.
8 2015 IPRI RESULTS (CONT.). 80000. Finland came in first in the 2015 IPRI ( ), followed by Norway ( ), New Zealand ( ), 70000. Luxemburg ( ) and Singapore ( ) [Figure 1]. Scandinavian countries reported (Figure R2 = FIGURE 3. 60000. 2) high IPRI score rankings (Finland #1, Norway #2, Sweden #7) and Northern European countries Relationship between IPRI and report strong property right systems (Luxemburg #4 and Netherlands #10). New Zealand (#3, 50000 GDP per capital GDPPC. ) has the highest LP score ( ), Singapore (#5, ) has the highest PPR score ( ) and 40000. Japan (#8, ) has the highest IPR score ( ). 30000. 20000. 10000. 10. IPRI 2015 LP 2015 PPR 2015 IPR 2015 0. 9 IPRI 2015 . 8. 7. 80000. 6. 60000. 5 R2 = 4 FIGURE 4. GDPPC. 40000. 3 IPRI and GDP per capita. Countries 20000 sized by population 2.
9 1 0. 0. FIN NOR NZL LUX SGP CHE SWE JPN CAN NLD DNK AUS GBR DEU USA -20000. IPRI 2015 . FIGURE 2. Top 15 Countries These results show the significant and positive relationship between prosperity and a robust prop- At the bottom is Myanmar ( ), followed by Bangladesh ( ), Angola ( ), Haiti erty right system measured at an individual level. The statistical dispersion of the GDP distribution ( ) and the Bolivarian Republic of Venezuela ( ). Seven of the fifteen countries at the in each country was not considered in this analysis. bottom were not included in last year's IPRI (Myanmar, Angola, Haiti, Libya, Yemen, Lebanon and Albania). Although their scores are low, the availability of data this year is a good sign for future $50,000. improvement. $44, $45,000. IPRI AND ECONOMIC OUTCOMES $40,000.
10 Property rights are important in part because of their close relation with economic performance, $35,000. prosperity and wellbeing of populations. $30,000. $23, $25,000. The relationship between the IPRI scores and GDP per capita are strong and significant, with a $20,000. Pearson coefficient of (p< ). In addition, the best-fit curve for this case is a 2nd grade $15,000. polynomial with a coefficient of determination of R2= The components of the IPRI also show $11, significant relationship with GDP per capita, and their best-fit curve is a 2nd degree polynomial. The $10,000. $3, strongest relationship is reported for LP with an R2= , followed by IPR with an R2= , and $5,000. $1, then PPR with an R2= (Figure 3). The same behavior is found in analyzing the relationship of $0.