Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76285
Authors: 
Feld, Lars P.
Voigt, Stefan
Year of Publication: 
2003
Series/Report no.: 
CESifo Working Paper 906
Abstract: 
Rational politicians are interested in judicial independence (JI) in order to make their promises credible. But if politicians' preferences deviate from the dicta of the judiciary, they also have incentives to renege on judicial independence. These two conflicting aspects are measured by two indicators: (i) de iure JI focusing on its legal foundations and (ii) a de facto JI focusing on countries' actually experience. Whether JI affects economic growth is tested for a cross section of 57 countries. While de iure JI does not have an impact on real GDP growth per capita growth, de facto JI positively influences it.
Subjects: 
economic growth
rule of law
judicial independence
Document Type: 
Working Paper

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