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Law tradition and institutional quality: some empirical evidence

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Author Info
Alberto Chong (The World Bank and Georgetown University Public Policy Institute, Washington DC, USA)
Luisa Zanforlin (International Monetary Fund, Washington DC, USA)

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Abstract

Law tradition of a country is associated with its institutional quality. Countries with a French Civil code tradition display a negative link with bureaucratic development, lack of corruption, credibility of governments and others. Results are maintained even after controlling for regional and colonial variables and, in general, appear robust. Countries with a Common Law tradition show a positive relationship with institutional quality, though not as robust when testing a broad range of specifications. These results are consistent with the hypothesis of Scully, Posner and others, that link origin of laws and economic behaviour. Copyright © 2000 John Wiley & Sons, Ltd.

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File URL: http://hdl.handle.net/10.1002/jid.681
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Publisher Info
Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

Volume (Year): 12 (2000)
Issue (Month): 8 ()
Pages: 1057-1068
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Handle: RePEc:wly:jintdv:v:12:y:2000:i:8:p:1057-1068

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. La Porta, Rafael, et al, 1997. "Trust in Large Organizations," American Economic Review, American Economic Association, vol. 87(2), pages 333-38, May. [Downloadable!] (restricted)
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  2. A. Chong & C. Calderón, 2000. "Causality and Feedback Between Institutional Measures and Economic Growth," Economics and Politics, Blackwell Publishing, vol. 12(1), pages 69-81, 03. [Downloadable!] (restricted)
  3. Mauro, Paolo, 1995. "Corruption and Growth," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 681-712, August. [Downloadable!] (restricted)
  4. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998. "Law and Finance," Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December. [Downloadable!] (restricted)
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  5. Scully, Gerald W, 1988. "The Institutional Framework and Economic Development," Journal of Political Economy, University of Chicago Press, vol. 96(3), pages 652-62, June. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Arturo Galindo & Alberto Chong & César Calderón, 2001. "Structure and Development of Financial Institutions and Links with Trust: Cross-Country Evidence," RES Working Papers 4251, Inter-American Development Bank, Research Department. [Downloadable!]
  2. Jiro Honda, 2008. "Do IMF Programs Improve Economic Governance?," IMF Working Papers 08/114, International Monetary Fund. [Downloadable!]
  3. Arturo Galindo & Alberto Chong & César Calderón, 2001. "Estructura y desarrollo de instituciones financieras y su relación con la confianza: elementos de juicio de varios países," RES Working Papers 4252, Inter-American Development Bank, Research Department. [Downloadable!]
  4. Danielson, Anders, 2001. "Economic and Institutional Reforms in French-speaking West Africa Impact on Efficiency and Growth," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  5. Garoupa, Nuno & Ogus, Anthony, 2003. "A Strategic Interpretation of Legal Transplants," CEPR Discussion Papers 4123, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  6. Islam, Roumeen & Montenegro, Claudio E., 2002. "What determines the quality of institutions?," Policy Research Working Paper Series 2764, The World Bank. [Downloadable!]
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