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Library Legal Institutions and Economic Development

Legal Institutions and Economic Development

Legal Institutions and Economic Development

Resource information

Date of publication
december 2010
Resource Language
ISBN / Resource ID
NARCIS:uvt:oai:tilburguniversity.edu:publications/8aa07b48-ce55-4cf6-8754-7a5e1de4bfa8

Legal institutions are critical for the development of market-based economies. This paper defines legal institutions and discusses different indicators to measure their quality and efficiency. It surveys a large historical and empirical literature showing the importance of legal institutions in explaining cross-country variation in economic development. Finally, it presents and discusses three different views of why we can observe the large cross-country variation in legal institutions, the social conflict, the legal origin and the culture and religion hypotheses.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Beck, T.H.L.
Research Group: Economics
Research Group: Finance
Department of Economics