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Explaining de facto Judicial Independence

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Author Info
Bernd Hayo and Stefan Voigt () (Faculty of Business Administration and Economics, Philipps Universitaet Marburg)

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Abstract

A high degree of de facto judicial Independence (JI) functions as a crucial precondition of governments to credibly commit to legislative decisions, such as respecting private property rights. Thus, de facto JI should improve the allocative efficiency and may therefore contribute positively to economic growth. But JI as formally written down in legal texts is an imperfect predictor for de facto JI. This paper tries to identify the forces which determine de facto JI. A distinction between factors that can be influenced in the short run and those that are the result of historical development and that are exempt from short-term modification is made. Ascertaining the relative relevance of these two groups of variables promises to be policy-relevant. A rigorous empirical model reduction process is used in order to cope with the potential excess of explanatory variables. The explanatory variables for de facto JI that survive the reduction process are de jure JI, legal confidence of the public, extent of democratization, degree of press freedom, and the religious beliefs of the population.

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File URL: http://www.uni-marburg.de/fb02/makro/forschung/gelbereihe/artikel/2005-07-hayo.pdf
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Publisher Info
Paper provided by Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) in its series Marburg Working Papers on Economics with number 200507.

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Length: 29 pages
Date of creation: 2005
Date of revision:
Publication status: Forthcoming in
Handle: RePEc:mar:volksw:200507

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Keywords: Judicial independence informal institutions formal institutions

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Find related papers by JEL classification:
D - Microeconomics
D - Microeconomics
H - Public Economics
K - Law and Economics

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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. Bernd Hayo & Stefan Voigt, 2005. "Inflation, Central Bank Independence and the Legal System," Money Macro and Finance (MMF) Research Group Conference 2005 57, Money Macro and Finance Research Group. [Downloadable!]
    Other versions:
  2. Francisco Ramos, 2007. "The Establishment of Constitutional Courts: A Study of 128 Democratic Constitutions," Review of Law & Economics, Berkeley Electronic Press, vol. 2(1), pages 6. [Downloadable!] (restricted)
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