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The Economic Consequences of Legal Origins

Author

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

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.

Suggested Citation

  • Andrei Shleifer & Florencio Lopez-de-Silanes & Rafael La Porta, 2008. "The Economic Consequences of Legal Origins," Journal of Economic Literature, American Economic Association, vol. 46(2), pages 285-332, June.
    • 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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    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative

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