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Legal Institutions and Economic Development

descriptionPublicationkeyboard_double_arrow_right Part of book or chapter of book , Article , Research , Other literature type , Preprint 01 Jan 2010 Netherlands English Publisher:Oxford University Press (OUP)Journal:SSRN Electronic Journal (eissn: 1556-5068,

Authors: Thorsten Beck; Thorsten Beck;

doi: 10.1093/oxfordhb/9780195391176.013.0003 , 10.2139/ssrn.1669100

Legal Institutions and Economic Development

- Summary
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Abstract

AbstractThis article focuses on the economic approach to institutions, looking at their role of supporting markets and exchange between economic agents, overcoming market frictions. The article is organized as follows. First, it defines legal institutions and presents different attempts at measuring them. Then, it surveys the historic, theoretical, and empirical literature that shows the importance of legal institutions for capitalism and economic development. It presents different theories of the divergence of legal institutions across countries and empirical evidence. The final section summarizes and looks forward.

Country

Netherlands

Related Organizations

City, University of London
United Kingdom
Tilburg University
Netherlands

Keywords

Legal institutions; economic development; legal system indicators; property rights, economic development, Legal institutions;economic development;legal system indicators;property rights, Legal institutions, legal system indicators, property rights, Economic development; Legal institutions; Legal system indicators; Property rights, jel: jel:K1, jel: jel:K4, jel: jel:O43, jel: jel:O16, jel: jel:P14

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	12
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Average
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average