Matches in SemOpenAlex for { <https://semopenalex.org/work/W8431827> ?p ?o ?g. }
Showing items 1 to 59 of
59
with 100 items per page.
- W8431827 abstract "As a result of colonization, European institutions were transplanted throughout Asia, South America and Africa. These institutions included western legal systems. The two most prominent of these are the English system of common law and the French system of civil law. Primarily as a result of colonization, and to a lesser extent imitation, most nations of the world have legal systems derived from one of these legal traditions. This thesis argues that common law is more adaptable and provides greater flexibility in the face of changing economic circumstances and therefore has a significant and positive impact on economic growth.This thesis further seeks to analyse the transmission mechanisms by which common law may impact on economic growth. The transmission mechanisms identified include factor accumulation, improvements to broader institutional quality and financial development. In order to empirically analyse the direct effect of common law on economic growth, standard OLS growth regressions is the method of choice. The indirect effects are investigated using a simultaneous equations model which allows common law to jointly determine economic growth, the accumulation of physical and human capital, institutional quality and financial market development.It is concluded that con11non law impacts on economic growth both directly and indirectly. The indirect effect is through improvements to broader institutional quality, and not through financial development as has been postulated by La Porta et ale (1997, 1998), Beck et ale (2003) and Beck and Levine (2003). These results hold after controlling for geography, culture, alternative measures of institutions, alternative measures of financial development, and sample coverage. However, common law is less significant when low income countries are excluded from the sample and when other institutions that were transplanted during the process of colonisation are included in the regressions. These findings have few direct implications for policymakers as the legal system is a persistent institution that changes only gradually over time. This thesis does not identify legal origin as the most important factor for growth, nor even a cause. Rather, common law should be seen as a facilitator of economic growth." @default.
- W8431827 created "2016-06-24" @default.
- W8431827 creator A5086867152 @default.
- W8431827 date "2008-01-01" @default.
- W8431827 modified "2023-09-27" @default.
- W8431827 title "Comparative western legal systems and economic growth" @default.
- W8431827 hasPublicationYear "2008" @default.
- W8431827 type Work @default.
- W8431827 sameAs 8431827 @default.
- W8431827 citedByCount "0" @default.
- W8431827 crossrefType "journal-article" @default.
- W8431827 hasAuthorship W8431827A5086867152 @default.
- W8431827 hasConcept C111472728 @default.
- W8431827 hasConcept C138885662 @default.
- W8431827 hasConcept C162324750 @default.
- W8431827 hasConcept C170706310 @default.
- W8431827 hasConcept C17744445 @default.
- W8431827 hasConcept C199539241 @default.
- W8431827 hasConcept C2776943663 @default.
- W8431827 hasConcept C2779530757 @default.
- W8431827 hasConcept C47768531 @default.
- W8431827 hasConcept C50522688 @default.
- W8431827 hasConceptScore W8431827C111472728 @default.
- W8431827 hasConceptScore W8431827C138885662 @default.
- W8431827 hasConceptScore W8431827C162324750 @default.
- W8431827 hasConceptScore W8431827C170706310 @default.
- W8431827 hasConceptScore W8431827C17744445 @default.
- W8431827 hasConceptScore W8431827C199539241 @default.
- W8431827 hasConceptScore W8431827C2776943663 @default.
- W8431827 hasConceptScore W8431827C2779530757 @default.
- W8431827 hasConceptScore W8431827C47768531 @default.
- W8431827 hasConceptScore W8431827C50522688 @default.
- W8431827 hasLocation W84318271 @default.
- W8431827 hasOpenAccess W8431827 @default.
- W8431827 hasPrimaryLocation W84318271 @default.
- W8431827 hasRelatedWork W1496088742 @default.
- W8431827 hasRelatedWork W1508645735 @default.
- W8431827 hasRelatedWork W1529156891 @default.
- W8431827 hasRelatedWork W1536423177 @default.
- W8431827 hasRelatedWork W1564751775 @default.
- W8431827 hasRelatedWork W1598366572 @default.
- W8431827 hasRelatedWork W2069316799 @default.
- W8431827 hasRelatedWork W2132799313 @default.
- W8431827 hasRelatedWork W2133071827 @default.
- W8431827 hasRelatedWork W2490413164 @default.
- W8431827 hasRelatedWork W263861879 @default.
- W8431827 hasRelatedWork W2936864423 @default.
- W8431827 hasRelatedWork W3037342047 @default.
- W8431827 hasRelatedWork W3123281591 @default.
- W8431827 hasRelatedWork W3124576428 @default.
- W8431827 hasRelatedWork W3203943018 @default.
- W8431827 hasRelatedWork W69875744 @default.
- W8431827 hasRelatedWork W909313967 @default.
- W8431827 hasRelatedWork W1575491665 @default.
- W8431827 hasRelatedWork W2185261092 @default.
- W8431827 isParatext "false" @default.
- W8431827 isRetracted "false" @default.
- W8431827 magId "8431827" @default.
- W8431827 workType "article" @default.