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The Resource Does law matter for economic growth? : a re-examination of the 'legal origin' hypothesis, Guangdong Xu

Does law matter for economic growth? : a re-examination of the 'legal origin' hypothesis, Guangdong Xu

Creator
Summary
This book addresses the role of legal institutions in economic growth. The massive differences in country incomes are largely the product of economic growth, which is in turn shaped, influenced, and determined by the legal infrastructure of a country. There has been a growing interest in exploring the connection between legal rules and economic growth since the 1990s, which can be attributed to the influence of Harvard economist Andrei Shleifer and his colleagues (the so-called LLSV). LLSV substantially contribute to our understanding of the economic consequences of legal rules. However, their studies face serious challenges, and leave a number of questions unresolved. This book is part of the academic efforts to fill gaps in LLSV's studies. The contribution of and controversy over LLSV's studies are systematically reviewed. In addition, the book scrutinises the relationship between law (both corporate and securities law) and stock market development, analyses the role of property law in economic development, and examines the growth experience of China. Does Law Matter for Economic Growth? will help readers to reach a deeper understanding of the relationship between law and economic growth by revealing the weaknesses in and problems with LLSV's studies, by offering new evidence (historical, comparative, and empirical) that cast serious doubts over LLSVs conclusions, and by analysing certain apparent anomalies that can hardly be explained by LLSV's theory. A more cautious stance regarding the law and growth nexus is ultimately reached. Law matters for economic performance, but the extent to which it matters is defined by a broader context within which political, legal, economic, and social variables influence one another and evolve together over time. It is therefore imprudent to embrace legal reform as a panacea for economic backwardness
Language
eng
Work
Publication
Extent
216 pages
Isbn
9781780682464
Instance
Label
Does law matter for economic growth? : a re-examination of the 'legal origin' hypothesis
Title
Does law matter for economic growth?
Title remainder
a re-examination of the 'legal origin' hypothesis
Statement of responsibility
Guangdong Xu
Creator
Subject
Language
eng
Summary
This book addresses the role of legal institutions in economic growth. The massive differences in country incomes are largely the product of economic growth, which is in turn shaped, influenced, and determined by the legal infrastructure of a country. There has been a growing interest in exploring the connection between legal rules and economic growth since the 1990s, which can be attributed to the influence of Harvard economist Andrei Shleifer and his colleagues (the so-called LLSV). LLSV substantially contribute to our understanding of the economic consequences of legal rules. However, their studies face serious challenges, and leave a number of questions unresolved. This book is part of the academic efforts to fill gaps in LLSV's studies. The contribution of and controversy over LLSV's studies are systematically reviewed. In addition, the book scrutinises the relationship between law (both corporate and securities law) and stock market development, analyses the role of property law in economic development, and examines the growth experience of China. Does Law Matter for Economic Growth? will help readers to reach a deeper understanding of the relationship between law and economic growth by revealing the weaknesses in and problems with LLSV's studies, by offering new evidence (historical, comparative, and empirical) that cast serious doubts over LLSVs conclusions, and by analysing certain apparent anomalies that can hardly be explained by LLSV's theory. A more cautious stance regarding the law and growth nexus is ultimately reached. Law matters for economic performance, but the extent to which it matters is defined by a broader context within which political, legal, economic, and social variables influence one another and evolve together over time. It is therefore imprudent to embrace legal reform as a panacea for economic backwardness
Member of
Cataloging source
UKMGB
http://library.link/vocab/creatorName
Xu, Guangdong
Dewey number
  • 340.1
  • 330
Index
no index present
Literary form
non fiction
Series statement
European Studies in Law and Economics
Series volume
14
http://library.link/vocab/subjectName
  • Law and economic development
  • Law reform
  • Law and economics
Label
Does law matter for economic growth? : a re-examination of the 'legal origin' hypothesis, Guangdong Xu
Instantiates
Publication
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Control code
FIEb17571194
Dimensions
24 cm.
Extent
216 pages
Isbn
9781780682464
Media category
unmediated
Media MARC source
rdamedia.
System control number
(OCoLC)1062163979
Label
Does law matter for economic growth? : a re-examination of the 'legal origin' hypothesis, Guangdong Xu
Publication
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Control code
FIEb17571194
Dimensions
24 cm.
Extent
216 pages
Isbn
9781780682464
Media category
unmediated
Media MARC source
rdamedia.
System control number
(OCoLC)1062163979

Subject

Member of

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