"Today is a time of economic rebirth for Aboriginal people in Canada. The federal government has committed billions of dollars to Aboriginal business initiatives, and courts are actively settling a range of claims. Innovative business models, new forms of property, and daring ventures and partnerships flourish across Canada, with many more planned. [...] Contributors include experienced practitioners and foremost academics of Aboriginal law from Canada and the United States.
"In this article we use four Canadian Supreme Court decisions that have substantively contributed to the constitutional recognition of aboriginal rights to assess the impact that changes in the security of commercial property rights have had on long-run macroeconomic performance. We use a series of event studies to measure the extent to which each court decision had an effect on the common share prices of Canadian forestry firms.
"This paper discusses the theme of indigenous entrepreneurship by exploring some false assumptions repeated not only in the popular press, but also by many academics and policy makers, related to the purported perspective of Native American populations regarding property rights, entrepreneurial behavior, and the productive use of environmental resources.
"Economic development on Canadian Indian reserves is hindered by the fact that aboriginal peoples living on these reserves lack efficient and effective property rights. In 1999, the federal government passed the First Nations Land Management Act, which allows participating First Nations to develop their own land codes for administering their reserve lands. After analyzing two First Nation land codes in Ontario and Saskatchewan, this paper finds that land codes are effective mechanisms for addressing drag on on-reserve development."