The Economics of Harmonisation: Implications for Reform of Commercial Law and Regulation in New Zealand

Neil Quigley

No 18982, Working Paper Series from Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation

Abstract: This paper provides an economic assessment of the costs and benefits of harmonising New Zealand's commercial laws and regulations with those in Australia or with an OECD norm. It argues that unless the definition of harmonisation is limited to mutual recognition the economics literature surveyed does not support a general presumption in favour of harmonisation of commercial laws.The absence of any presumption in favour of harmonisation is based on the infeasibility of full harmonisation while New Zealand maintains political independence and on the overall requirement for an assessment of the efficiency of any law in the context of the New Zealand economy

Keywords: commercial law; economics (search for similar items in EconPapers)
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ir.wgtn.ac.nz/handle/123456789/18982

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcsr:18982

Access Statistics for this paper

More papers in Working Paper Series from Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation ISCR, PO Box 600, Victoria University Wellington 6140, New Zealand. Contact information at EDIRC.
Bibliographic data for series maintained by Library Technology Services ().