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Law tradition and institutional quality: some empirical evidence

✍ Scribed by Alberto Chong; Luisa Zanforlin

Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
130 KB
Volume
12
Category
Article
ISSN
0954-1748

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✦ Synopsis

Abstract

Law tradition of a country is associated with its institutional quality. Countries with a French Civil code tradition display a negative link with bureaucratic development, lack of corruption, credibility of governments and others. Results are maintained even after controlling for regional and colonial variables and, in general, appear robust. Countries with a Common Law tradition show a positive relationship with institutional quality, though not as robust when testing a broad range of specifications. These results are consistent with the hypothesis of Scully, Posner and others, that link origin of laws and economic behaviour. Copyright Β© 2000 John Wiley & Sons, Ltd.

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