Improving Credibility by Delegating Judicial Competence - the Case of the Judicial Committee of the Privy Council
AbstractIt is argued that government credibility is an important resource and that it can be improved by delegating decision-making competence beyond the nation-state. It is hypothesized that such delegation should result in higher income and growth. Some former British colonies retained the Judicial Committee of the Privy Council as their final court of appeals even after independence. This court is thus taken as a natural experiment to test our hypothesis. It turns out that retaining the jurisdiction is indeed significant for explaining economic growth.
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Bibliographic InfoPaper provided by University of Kassel, Institute of Economics in its series Discussion Papers in Economics with number 67/04.
Length: 26 pages
Date of creation: Dec 2004
Date of revision:
Publication status: Published in Journal of Development Economics, Vol. 82 (2007), Issue 2, pp. 348-373.
Credibility; Delegation of Competence; Judicial Independence; Economic History; Judicial Committee of the Privy Council;
Find related papers by JEL classification:
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
- K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process
- N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
- P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
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