Economic development, legality, and the transplant effect, forthcoming, European Economic Review (2002)
| Citations: | 35 - 1 self |
BibTeX
@MISC{Berkowitz02economicdevelopment,,
author = {Daniel Berkowitz and Katharina Pistor and Jean-francois Richard and Daniel Berkowitz and Katharina Pistor and Jean-francois Richard},
title = {Economic development, legality, and the transplant effect, forthcoming, European Economic Review},
year = {2002}
}
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Abstract
We analyze the determinants of effective legal institutions (legality) using data from 49 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 predispositions. The transplanting process has a strong indirect effect on economic development via its impact on legality.
