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Fachbereich Wirtschaftswissenschaften, Universität Kassel >
Volkswirtschaftliche Diskussionsbeiträge, Universität Kassel >
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http://hdl.handle.net/10419/23286
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| Title: | | Improving Credibility by Delegating Judicial Competence : the Case of the Judicial Committee of the Privy Council  |
| Authors: | | Voigt, Stefan Ebeling, Michael Blume, Lorenz |
| Issue Date: | | 2004 |
| Series/Report no.: | | Volkswirtschaftliche Diskussionsbeiträge / Universität Kassel, Fachbereich Wirtschaftswissenschaften 67 |
| Abstract: | | It is argued that government credibility is an important resource and that it can be improved by delegating decision-making competence beyond the nation-state. It is hypothesized that such delegation should result in higher income and growth. Some former British colonies retained the Judicial Committee of the Privy Council as their final court of appeals even after independence. This court is thus taken as a natural experiment to test our hypothesis. It turns out that retaining the jurisdiction is indeed significant for explaining economic growth. |
| Subjects: | | Credibility Delegation of Competence Judicial Independence Economic History Judicial Committee of the Privy Council |
| JEL: | | P51 K11 H11 O57 N40 K41 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Volkswirtschaftliche Diskussionsbeiträge, Universität Kassel
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