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The Economic Consequences of Legal Origins

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

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 National Bureau of Economic Research, Inc in its series NBER Working Papers with number 13608.

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Date of creation: Nov 2007
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Publication status: published as Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2008. "The Economic Consequences of Legal Origins," Journal of Economic Literature, American Economic Association, vol. 46(2), pages 285-332, June.
Handle: RePEc:nbr:nberwo:13608

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