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dc.contributor.authorHayo, Bernden_US
dc.contributor.authorVoigt, Stefanen_US
dc.date.accessioned2009-02-25en_US
dc.date.accessioned2009-07-28T08:48:18Z-
dc.date.available2009-07-28T08:48:18Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26559-
dc.description.abstractIt has been argued that procedural formalism undermines economic efficiency by fostering rent-seeking and corruption. We challenge this view by arguing that a number of judicial procedures foster economic growth by increasing the predictability of court decisions, which leads to more transactions and higher investment levels. We investigate the effects on economic growth of 15 judicial procedures. Employing a standard growth model, we find in a cross-section of 67 countries that timeliness, writtenas opposed to oralprocedures, and the right to counsel have a positive effect on growth, whereas the number of independent procedural actions as well as the presumption of innocence have negative effects. Our results partially contradict the results of former studies based on the Lex Mundi dataset.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2514en_US
dc.subject.jelH11en_US
dc.subject.jelK40en_US
dc.subject.jelO40en_US
dc.subject.jelP51en_US
dc.subject.ddc330en_US
dc.subject.keywordJudicial procedureen_US
dc.subject.keywordlegal formalismen_US
dc.subject.keywordjudicial independenceen_US
dc.subject.keywordrule of lawen_US
dc.subject.keywordinvestmenten_US
dc.subject.keywordgrowthen_US
dc.subject.stwGerichtsbarkeiten_US
dc.subject.stwVerfahrensrechten_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleThe relevance of judicial procedure for economic growthen_US
dc.typeWorking Paperen_US
dc.identifier.ppn592488985en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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