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The judiciary system as a productivity factor; the European experience

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  • Tsintzos, Panagiotis
  • Plakandaras, Vasilios

Abstract

The European Union has emphatically declared its commitment towards reforming the judicial system on its region, promoting social cohesion. We extend this scope, by evaluating the potential relationship between the effectiveness of the judicial system and economic growth. Based on a panel dataset of 22 EU countries over the period 2010–2017 and under the lens of the economic growth literature, we find that even marginally the judicial system could be considered as a part of the social capital of Hall and Jones (1999) that supports productivity.

Suggested Citation

  • Tsintzos, Panagiotis & Plakandaras, Vasilios, 2020. "The judiciary system as a productivity factor; the European experience," Economics Letters, Elsevier, vol. 192(C).
    • Handle: RePEc:eee:ecolet:v:192:y:2020:i:c:s0165176520301762
    DOI: 10.1016/j.econlet.2020.109257
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    References listed on IDEAS

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    4. Stephen Bond, 2002. "Dynamic panel data models: a guide to microdata methods and practice," CeMMAP working papers CWP09/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
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    More about this item

    Keywords

    Judicial system; Economic growth; Social capital;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies

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