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dc.contributor.authorHayo, Bernden
dc.contributor.authorVoigt, Stefanen
dc.date.accessioned2009-02-25-
dc.date.accessioned2009-07-28T08:48:18Z-
dc.date.available2009-07-28T08:48:18Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2514en
dc.subject.jelH11en
dc.subject.jelK40en
dc.subject.jelO40en
dc.subject.jelP51en
dc.subject.ddc330en
dc.subject.keywordJudicial procedureen
dc.subject.keywordlegal formalismen
dc.subject.keywordjudicial independenceen
dc.subject.keywordrule of lawen
dc.subject.keywordinvestmenten
dc.subject.keywordgrowthen
dc.subject.stwGerichtsbarkeiten
dc.subject.stwVerfahrensrechten
dc.subject.stwWirtschaftswachstumen
dc.subject.stwSchätzungen
dc.subject.stwWelten
dc.titleThe relevance of judicial procedure for economic growth-
dc.typeWorking Paperen
dc.identifier.ppn592488985en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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