Economic Development, Legality, and the Transplant Effect
Author | : Daniel Berkowitz |
Publisher | : |
Total Pages | : 0 |
Release | : 2003 |
ISBN-10 | : OCLC:1375598456 |
ISBN-13 | : |
Rating | : 4/5 (56 Downloads) |
Download or read book Economic Development, Legality, and the Transplant Effect written by Daniel Berkowitz and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the determinants of effective legal institutions (legality) using data from forty-nine countries. We show that the way the law was initially transplanted and received is a more important determinant than the supply of law from a particular legal family. Countries that have developed legal orders internally, adapted the transplanted law, and/or had a population that was already familiar with basic principles of the transplanted law have more effective legality than countries that received foreign law without any similar pre-dispositions. The transplanting process has a strong indirect effect on economic development via its impact on legality, while the impact of particular legal families is weaker and not robust to alternative legality measures.