Legal Institutions and Economic Development
نویسندگان
چکیده
منابع مشابه
Which Institutions , Legal and Economic , Allow Innovations ?
S | 103 Which Institutions, Legal and Economic, Allow Innovations? Thami Piaia Visiting Scholar, University of Illinois College of Law Champaign, IL The following work has as its main goal to explain the asymetric paths of technological innovation in Brazil and United States and to show how the "Lei da Inovação Brasileira" (Lei 10.973/04 Brazilian Innovation Act) can contribute to ameliorate th...
متن کاملLegal Institutions and Financial Development
A burgeoning literature finds that financial development exerts a first-order impact on long-run economic growth, which raises critical questions, such as why do some countries have welldeveloped growth-enhancing financial systems, while others do not? The law and finance theory focuses on the role of legal institutions in explaining international differences in financial development. First, th...
متن کامل11 . Legal Institutions and Financial Development
A burgeoning literature finds that financial development exerts a first-order impact on long-run economic growth. Levine and Zervos (1998) show that banking and stock market development are good predictors of economic growth.1 At the microeconomic level, Demirguc-Kunt and Maksimovic (1998) and Rajan and Zingales (1998) find that financial institutions are crucial for firm and industrial expansi...
متن کاملContracting Institutions and Economic Development
This paper studies the effects of contracting institutions on economic development. A model is presented with endogenous incomplete markets, where financial frictions generated by the imperfect enforcement of contracts depend on the future growth of the economy, which determines the costs of being excluded from financial markets after defaulting. As the economy approaches its steady state, fric...
متن کاملPolitics, Legal Origins, and the Roots of Modern Economic Institutions
Scholars have proffered a number of theoretical explanations for the phenomenon that corporate ownership is diffuse in some countries and highly concentrated in others. One explanation, the social democracy theory, holds that leftist ideology weakens a variety of corporate governance mechanisms and thus prevents the separation of ownership from control in social democracies, where leftist ideol...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1669100