The impact of the judiciary on entrepreneurship: Evaluation of Pakistan's "Access to Justice Programme"
AbstractIn 2002, the Pakistani government implemented a judicial reform that cost $350Â million or 0.1% of Pakistan's 2002 GDP. This reform did not involve increased incentives for judges to improve efficiency but merely provided them with more training. Nonetheless, the reform had dramatic effects on judicial efficiency and consequently on entrepreneurship: judges disposed of a quarter more cases and entry rate of new firms increased by half due to the reform. Using data from the World Bank Group Entrepreneurship Database, our estimates suggest that this translates into an increase of Pakistan's GDP by 0.5%.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Public Economics.
Volume (Year): 93 (2009)
Issue (Month): 1-2 (February)
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Web page: http://www.elsevier.com/locate/inca/505578
Legal system Entrepreneurship;
Other versions of this item:
- Matthieu Chemin, 2007. "The Impact of the Judiciary on Entrepreneurship: Evaluation of Pakistan's Access to Justice Programme," Cahiers de recherche 0727, CIRPEE.
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
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