Measuring Law and Institutions

Janez Šušteršič

Management, 2008, vol. 3, issue 1, 99-103

Abstract: The report on the workshop Measuring Law and Institutions highlights two topics. One is the World Bank governance indicators; improvements in governance significantly increase national income. The other is the importance of legal origins; different legal traditions are supposed to influence economic performance. Civil law tradition is closer to constructivist top-down regulation of society, whereas common law is closer to liberal order, based on independent individual decisions. The workshop concluded that better tools for measuring law and institutions are needed and that also the beneftis, not only the costs of regulations need to be taken into account.

Keywords: law; legal origin; institutions; governance; indicators (search for similar items in EconPapers)
Date: 2008
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