Why Local Context Matters: Property Rights and Debt Trading in Colonial South AfricaFootnote¹

1 The authors would like to thank Jeanne Cilliers, Claude Diebolt, Kara Dimitruk, Joost Jonker, Sumner La Croix, Richard Hornbeck, Dieter von Fintel and seminar participants at the universities of Arizona, Stellenbosch and Utrecht for comments on an earlier version of this paper. We also thank Economic Research Southern Africa and the National Research Foundation for financial support.

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