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The Economic Consequences of Legal Origins

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

Scholarly Articles from Harvard University Department of Economics

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.

Date: 2008
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Published in Journal of Economic Literature

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