The judiciary system as a productivity factor; the European experience

Panagiotis Tsintzos and Vasilios Plakandaras

Economics Letters, 2020, vol. 192, issue C

Abstract: The European Union has emphatically declared its commitment towards reforming the judicial system on its region, promoting social cohesion. We extend this scope, by evaluating the potential relationship between the effectiveness of the judicial system and economic growth. Based on a panel dataset of 22 EU countries over the period 2010–2017 and under the lens of the economic growth literature, we find that even marginally the judicial system could be considered as a part of the social capital of Hall and Jones (1999) that supports productivity.

Keywords: Judicial system; Economic growth; Social capital (search for similar items in EconPapers)
JEL-codes: H5 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:192:y:2020:i:c:s0165176520301762

DOI: 10.1016/j.econlet.2020.109257

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