The Economic Consequences of Legal Origins

Rafael La Porta (), Florencio Lopez-de-Silanes () and Andrei Shleifer

No 13608, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: K00 N20 P51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hpe, nep-law and nep-reg
Date: 2007-11
Note: CF
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