Economic Growth and Judicial Independence, a Dozen Years On: Cross-Country Evidence Using an Updated Set of Indicators

Stefan Voigt, Jerg Gutmann and Lars Feld

No 5010, CESifo Working Paper Series from CESifo

Abstract: Over 10 years ago, Feld and Voigt (2003) introduced the first indicator for objectively meas-uring the actual independence of the judiciary and demonstrated its utility in a large cross-section of countries. The indicator has been widely used, but also criticized. This paper pre-sents more recent data on de jure and de facto judicial independence (JI) and strongly con-firms previous results that de jure JI is not systematically related to economic growth, but de facto JI is highly significantly and robustly correlated with growth. In addition, we show that the effect of de facto JI depends on the institutional environment, but not on a country’s initial per capita income.

Keywords: judicial independence; economic growth; rule of law; constitutional economics; governance; measuring institutions (search for similar items in EconPapers)
JEL-codes: H11 K40 O40 P51 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Economic growth and judicial independence, a dozen years on: Cross-country evidence using an updated Set of indicators (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_5010

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