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American Economic Journal: Economic Policy: Vol. 1 No. 2 (August 2009)
AEJ: Policy Volume. 1, Issue 2 | 
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AEJ: Policy Forthcoming Articles
The Divergence of Legal Procedures
Article Citation
Balas, Aron,
Rafael La Porta,
Florencio Lopez-de-Silanes, and
Andrei Shleifer. 2009. "The Divergence of Legal Procedures."
American Economic Journal: Economic Policy,
1(2): 138-62.
DOI: 10.1257/pol.1.2.138
DOI: 10.1257/pol.1.2.138
Abstract
Simeon Djankov et al. (2003) introduce a measure of the quality
of contract enforcement -- the formalism of civil procedure -- for 109
countries as of 2000. For 40 of these countries, we compute procedural
formalism every year since 1950. We find that large differences
in procedural formalism between common and civil law countries
existed in 1950 and widened by 2000. For this area of law, the findings
are inconsistent with the hypothesis that national legal systems
are converging, and support the view that legal origins exert long
lasting influence on legal rules. (JEL K41, O17)
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Authors
Balas, Aron (Oliver Wyman Financial Services, London)
La Porta, Rafael (Dartmouth College)
Lopez-de-Silanes, Florencio (EDHEC Business School, Nice)
Shleifer, Andrei (Harvard U)
La Porta, Rafael (Dartmouth College)
Lopez-de-Silanes, Florencio (EDHEC Business School, Nice)
Shleifer, Andrei (Harvard U)
JEL Classifications
K41: Litigation Process
O17: Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
O17: Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
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