Legal institutions, political economy, and development
This article reviews some of the recent literature on the relationship between the legal system and economic development. We also look at the historical, socio-cultural, and political factors that explain the differences in the characteristics of legal systems across countries and thus affect the link between the legal environment and economic outcomes. Although the field of law and economics of developing countries is still in its youth, it is growing rapidly and is a fertile ground for exciting new findings, both theoretical and empirical. Further progress in this field is likely to come from the studies of the elements of the legal system other than the substantive law (enforcement and dispute resolution) and should move beyond specific analyses of the impact of particular success or failure stories towards more general analyses of the determinants and outcomes of successful legal institutions. Copyright 2009, Oxford University Press.
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- Brasselle, Anne-Sophie & Gaspart, Frederic & Platteau, Jean-Philippe, 2002. "Land tenure security and investment incentives: puzzling evidence from Burkina Faso," Journal of Development Economics, Elsevier, vol. 67(2), pages 373-418, April.
- Lopez-de-Silanes, Florencio & La Porta, Rafael & Shleifer, Andrei, 2008.
"The Economic Consequences of Legal Origins,"
2962610, Harvard University Department of Economics.
- Daron Acemoglu & Simon Johnson, 2005.
Journal of Political Economy,
University of Chicago Press, vol. 113(5), pages 949-995, October.
- Gani Aldashev & Imane Chaara & Jean-Philippe Platteau & Zaki Wahhaj, 2010.
"Using the Law to Change the Custom,"
2010.60, Fondazione Eni Enrico Mattei.
- Markus Goldstein & Christopher Udry, 2008.
"The Profits of Power: Land Rights and Agricultural Investment in Ghana,"
Journal of Political Economy,
University of Chicago Press, vol. 116(6), pages 981-1022, December.
- Markus Goldstein & Christopher Udry, 2005. "The Profits of Power: Land Rights and Agricultural Investment in Ghana," Working Papers 929, Economic Growth Center, Yale University.
- Francesco Caselli & Nicola Gennaioli, 2007.
"Economics and Politics of Alternative Institutional Reforms,"
NBER Working Papers
12833, National Bureau of Economic Research, Inc.
- Francesco Caselli & Nicola Gennaioli, 2008. "Economics and Politics of Alternative Institutional Reforms," The Quarterly Journal of Economics, Oxford University Press, vol. 123(3), pages 1197-1250.
- Caselli, Francesco & Gennaioli, Nicola, 2007. "Economics and Politics of Alternative Institutional Reforms," CEPR Discussion Papers 6095, C.E.P.R. Discussion Papers.
- Francesco Caselli & Nicola Gennaioli, 2007. "Economics and Politics of Alternative Institutional Reforms," CEP Discussion Papers dp0775, Centre for Economic Performance, LSE.
- Francesco Caselli & Nicola Gennaioli, 2007. "Economics and politics of alternative institutional reforms," LSE Research Online Documents on Economics 3557, London School of Economics and Political Science, LSE Library.
- Chemin, Matthieu, 2009.
"The impact of the judiciary on entrepreneurship: Evaluation of Pakistan's "Access to Justice Programme","
Journal of Public Economics,
Elsevier, vol. 93(1-2), pages 114-125, February.
- Matthieu Chemin, 2007. "The Impact of the Judiciary on Entrepreneurship: Evaluation of Pakistan's Access to Justice Programme," Cahiers de recherche 0727, CIRPEE.
- Rafael Di Tella & Sebastian Galiant & Ernesto Schargrodsky, 2007. "The Formation of Beliefs: Evidence from the Allocation of Land Titles to Squatters," The Quarterly Journal of Economics, Oxford University Press, vol. 122(1), pages 209-241.
- Sonin, Konstantin, 2003.
"Why the rich may favor poor protection of property rights,"
Journal of Comparative Economics,
Elsevier, vol. 31(4), pages 715-731, December.
- Konstantin Sonin, 2003. "Why the Rich May Favor Poor Protection of Property Rights," Working Papers w0022, Center for Economic and Financial Research (CEFIR).
- Konstantin Sonin, 2002. "Why the Rich May Favor Poor Protection of Property Rights," William Davidson Institute Working Papers Series 544, William Davidson Institute at the University of Michigan.
- Sujata Visaria, 2006. "Legal Reform and Loan Repayment: The Microeconomic Impact of Debt Recovery Tribunals in India," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-157, Boston University - Department of Economics.
- Besley, Timothy, 1995. "Property Rights and Investment Incentives: Theory and Evidence from Ghana," Journal of Political Economy, University of Chicago Press, vol. 103(5), pages 903-37, October.
- Sujata Visaria, 2006. "Legal Reform and Loan Repayment:The Microeconomic Impact of Debt Recovery Tribunals in India," Boston University - Department of Economics - Working Papers Series WP2006-023, Boston University - Department of Economics.
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