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Law, economic growth and human development

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  • Simplice A., Asongu

Abstract

This paper cuts adrift the mainstream approach to the legal-origins debate on the law-growth nexus by integrating both overall economic and human components in our understanding of how regulation quality and the rule of law lie at the heart of economic and inequality adjusted human developments. Findings summarily reveal that legal-origin does not explain economic growth and human development beyond the mechanisms of law channels. As a policy implication results support benefits of the rule of law and quality of regulation as channels to economic growth and human development.

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File URL: http://mpra.ub.uni-muenchen.de/34082/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 34082.

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Date of creation: 03 Oct 2011
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Handle: RePEc:pra:mprapa:34082

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Keywords: Law; economic growth; human development; developing countries;

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References

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  1. Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer & Robert W. Vishny, 1996. "Law and Finance," NBER Working Papers 5661, National Bureau of Economic Research, Inc.
  2. Daniel Berkowitz & Karina Pistor & Jean-Francois Richard, 2001. "Economic Development, Legality, and the Transplant Effect," William Davidson Institute Working Papers Series 410, William Davidson Institute at the University of Michigan.
  3. Asongu Simplice, 2011. "Law, finance, economic growth and welfare: why does legal origin matter?," Working Papers 11/007, African Governance and Development Institute..
  4. J.A. Agbor & J. W. Fedderke & N. Viegi, 2010. "How Does Colonial Origin Matter for Economic Performance in sub-Saharan Africa?," Working Papers 176, Economic Research Southern Africa.
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Cited by:
  1. Simplice A., Asongu, 2011. "Law, Finance and Investment: does legal origin matter?," MPRA Paper 34698, University Library of Munich, Germany.
  2. Asongu Simplice, 2011. "Financial Determinants of Human Development in Developing Countries," Working Papers 11/012, African Governance and Development Institute..
  3. Simplice Asongu, 2014. "Law, Finance and Investment: Does Legal Origin Matter in Africa?," The Review of Black Political Economy, Springer, vol. 41(2), pages 145-175, June.
  4. Simplice A., Asongu, 2011. "Law and Investment in Africa," MPRA Paper 34700, University Library of Munich, Germany.

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