Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18898
Authors: 
Feld, Lars P.
Voigt, Stefan
Year of Publication: 
2004
Series/Report no.: 
CESifo Working Paper 1260
Abstract: 
It is argued that an independent judiciary is a necessary condition for both individual liberty and economic prosperity. After having surveyed the literature dealing with how to arrange for an independent judiciary, the authors derive some additional policy implications by drawing on two indicators of judicial independence (JI) recently introduced by them. De facto JI has a robust and highly significant impact on economic growth. Individual components of both de jure and de facto JI on economic growth are estimated for their impact on economic growth. Additionally, the effects of other institutional arrangements such as presidential vs. parliamentary systems are inquired into.
Subjects: 
judicial independence
constitutional design
positive constitutional economics
economic growth
JEL: 
O40
K40
P51
H11
Document Type: 
Working Paper

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