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The Economic Consequences of Legal Origins

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  • Lopez-de-Silanes, Florencio
  • La Porta, Rafael
  • Shleifer, Andrei

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.

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Paper provided by Harvard University Department of Economics in its series Scholarly Articles with number 2962610.

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Date of creation: 2008
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Publication status: Published in Journal of Economic Literature
Handle: RePEc:hrv:faseco:2962610

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