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Legal Institutions and Economic Development

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Author Info

  • Beck, T.H.L.

    (Tilburg University, Center for Economic Research)

Abstract

Legal institutions are critical for the development of market-based economies. This paper defines legal institutions and discusses different indicators to measure their quality and efficiency. It surveys a large historical and empirical literature showing the importance of legal institutions in explaining cross-country variation in economic development. Finally, it presents and discusses three different views of why we can observe the large cross-country variation in legal institutions, the social conflict, the legal origin and the culture and religion hypotheses.

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2010-94.

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Date of creation: 2010
Date of revision:
Handle: RePEc:dgr:kubcen:201094

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Web page: http://center.uvt.nl

Related research

Keywords: Legal institutions; economic development; legal system indicators; property rights;

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Cited by:
  1. Kohei Daido & Ken Tabata, 2012. "Public Infrastructures, Production Organizations, and Economic Development," Discussion Paper Series 93, School of Economics, Kwansei Gakuin University, revised Aug 2012.

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