Well-defined property rights recognize the ownership of material and abstract things. The low enforcement of property rights for a certain resource may lead to its abuse. Hence, its application on watershed needs to be understood. This paper attempts to show the dualistic system of considering property rights and its implication to policy research.
The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics.
P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd