HERMES-Catalog

Legal Traditions, Legal Reforms and Economic Performance : Theory and Evidence / by Daniel Oto-Peralías, Diego Romero-Ávila
(Contributions to Economics. ISSN:21977178)

Publisher	(Cham : Springer International Publishing : Imprint: Springer)
Year	2017
Edition	1st ed. 2017.
Authors	*Oto-Peralías, Daniel author Romero-Ávila, Diego author SpringerLink (Online service)

Hide book details.

Links to the text	Location	Volume	Call No.	Barcode No.	Status	Comments	ISBN	Printed	Restriction	Reserve
Links to the text	Library Off-campus access			OB00175439		Springer Economics and Finance eBooks (電子ブック)	9783319670416

Hide details.

Material Type	E-Book
Media type	機械可読データファイル
Size	X, 252 p. 32 illus., 14 illus. in color : online resource
Notes	Chapter 1: Introduction -- Chapter 2: Revisiting the Legal Origins Hypothesis: A Brief Review of the Literature -- Chapter 3: Data Description -- Chapter 4: Literature Review on the Effect of the Ease of Doing Business on Economic and Financial Outcomes -- Chapter 5: Legal Change within Legal Traditions and Convergence -- Chapter 6: Legal Rules Variation and Countries’ Economic and Financial Performance -- Chapter 7: Sensitivity Analyses on the Effect of Legal Rules Variation on Economic and Financial Performance -- Chapter 8: The Effectiveness of Legal Reforms and the Gap between Law on the Books and the Reality on the Ground -- Chapter 9: Conclusions. This book investigates whether legal reforms intended to create a market-friendly regulatory business environment have a positive impact on economic and financial outcomes. After conducting a critical review of the legal origins literature, the authors first analyze the evolution of legal rules and regulations during the last decade (2006-2014). For that purpose, the book uses legal/regulatory indicators from the World Bank's Doing Business Project (2015). The findings indicate that countries have actively reformed their legal systems during this period, particularly French civil law countries. A process of convergence in the evolution of legal rules and regulations is observed: countries starting in 2006 in a lower position have improved more than countries with better initial scores. Also, French civil law countries have reformed their legal systems to a larger extent than common law countries and, consequently, have improved more in the majority of the Doing Business indicators used. Second, the authors estimate fixed-effects panel regressions to analyze the relationship between changes in legal rules and regulations and changes in the real economy. The findings point to a lack of systematic effects of legal rules and regulations on economic and financial outcomes. This result stands in contrast to the widespread belief that reforms aiming to strengthen investor and creditor rights (and other market-friendly policies) systematically lead to better economic and financial outcomes HTTP:URL=https://doi.org/10.1007/978-3-319-67041-6
Subjects	LCSH:Law and economics LCSH:Commercial law LCSH:Law—Philosophy LCSH:Law—History LCSH:Finance, Public LCSH:Economic policy LCSH:Development economics FREE:Law and Economics FREE:Business Law FREE:Theories of Law, Philosophy of Law, Legal History FREE:Public Finance FREE:Economic Policy FREE:Development Economics
Classification	LCC:K487.E3 LCC:HB73 DC23:343.07 DC23:338.9
ID	8000059920
ISBN	9783319670416