The Economic Consequences of Legal Origins
La Porta, Rafael,
Florencio Lopez-de-Silanes, and
Andrei Shleifer. 2008. "The Economic Consequences of Legal Origins."
Journal of Economic Literature,
In the last decade, economists have produced a considerable body of research
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.
Article Full-Text Access
La Porta, Rafael (Dartmouth College)
Lopez-de-Silanes, Florencio (EDHEC Graduate School of Management)
Shleifer, Andrei (Harvard U)
K10: Basic Areas of Law: General (Constitutional Law)
N40: Economic History: Government, War, Law, and Regulation: General, International, or Comparative