American Economic Journal: Economic Policy
no. 2, August 2009
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)
Balas, Aron, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer.
"The Divergence of Legal Procedures."
American Economic Journal: Economic Policy,
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements