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File name: SSRN-id1028081. ; Size: 1914K
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The Economic Consequences of Legal Origins
Rafael La Porta
Dartmouth College - Tuck School of Business; National Bureau of Economic Research (NBER)
Florencio Lopez de Silanes
EDHEC Business School; National Bureau of Economic Research (NBER); Tinbergen Institute
Andrei Shleifer
Harvard University - Department of Economics; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI)
Journal of Economic Literature, Forthcoming
Abstract:
In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. We summarize this evidence and attempt a unified interpretation. We also address several objections to the empirical claim that legal origins matter. Finally, we assess the implications of this research for economic reform.
Number of Pages in PDF File: 92
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Date posted: November 9, 2007
Suggested CitationLa Porta, Rafael, Lopez de Silanes, Florencio and Shleifer, Andrei, The Economic Consequences of Legal Origins. Journal of Economic Literature, Forthcoming. Available at SSRN: http://ssrn.com/abstract=1028081
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