Includes bibliographical references (pages 163-175) and index.
Contents:
Conclusions. Estimating the determinants of growth : an empirical exploration of an NIE framework -- New institutional economics -- Legal origin theory and the transplant effect -- A new institutional economics approach to law and development -- Financial markets -- Estimating the determinants of growth : an empirical exploration of an NIE framework -- Conclusions.
Summary:
This book draws on the analytical framework of New Institutional Economics (NIE) to critically examine the role which law and the legal system play in economic development. Analytical concepts from NIE are used to assess policies which have been supported by multilateral development organisations including securing private property rights, reform of the legal system and financial development. The importance of culture in shaping the legal environment, which in turn influences financial sector development, is also assessed using Oliver Williamson's 'levels of social analysis' framework.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.