Institutional change, property rights and economic performance in post‐apartheid in South Africa

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• I should like to thank participants at the ‘Markets and Reform in the New South Africa’ session of the 69th Annual Conference of the Western Economic Association International in Vancouver, Canada, on 2 July, 1994, and especially Professor Philip Black of the University of Cape Town and Professor Zane Spindler of Simon Fraser University, for helpful comments on an earlier draft of the paper. I should also like to thank an anonymous referee for helpful comments on an earlier and longer version of the paper.
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• Department of Economics, University of New England, Armidale NSW 2351, Australia.
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