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The Economic Consequences of Legal Origins

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

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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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jel.46.2.285
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Article provided by American Economic Association in its journal Journal of Economic Literature.

Volume (Year): 46 (2008)
Issue (Month): 2 (June)
Pages: 285-332

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Handle: RePEc:aea:jeclit:v:46:y:2008:i:2:p:285-332
Note: DOI: 10.1257/jel.46.2.285
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