Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/23286
Authors: 
Voigt, Stefan
Ebeling, Michael
Blume, Lorenz
Year of Publication: 
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

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