Law and development : an institutional critique / Frank H. Stephen (Emeritus Professor of Regulation, School of Law, University of Manchester, UK).
Material type:
TextSeries: Advances in new institutional analysisPublisher: Edward Elgar Publishing, Description: 1 online resource (200 pages)ISBN: 9781784718213 (e-book)Subject(s): Law and economic developmentGenre/Form: Electronic books.Additional physical formats: No titleLOC classification: HB73 | .S74 2018Online resources: Click here to access online | Item type | Current library | Call number | URL | Status | Date due | Barcode | Item holds |
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eBook
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Digital Library
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| HB72 .F83 2017 The economic decoding of religious dogmas : | HB72 .R47 2018 Research in the history of economic thought and methodology : | HB72 .R47 2020 Research in the history of economic thought and methodology : | HB73 .S74 2018 Law and development : | HB74.P65 T67 2007 Topics in analytical political economy | HB74.P8 C66 2019 Contemporary issues in behavioral finance / | HB74.5 .D63 2003 Documents on modern history of economic thought |
Includes bibliographical references and index.
Contents: Preface -- Part I Introduction -- 1. How we got here -- 2. New institutional economics -- Part II Legal systems and development -- 3. Legal origin theory and the transplant effect -- 4. A new institutional economics approach to law and development -- Part III Finance and development -- 5. Financial markets -- 6. Estimating the determinants of growth: an empirical exploration of an NIE framework -- Part IV: Conclusion -- 7. Conclusions -- References -- Index.
As development policy moves away from considering the state as the primary driver of economic growth it is necessary to consider the institutional foundations of the market economy. It has been argued that without legal systems that allow for innovation and enterprise, all other attempts to improve economic growth are destined to fail. Law and Development offers an unparalleled assessment of the role of legal systems in development by extending the analytical framework of New Institutional Economics (NIE). Using empirical tests to critique Legal Origin Theory, and assess the role of culture in the formation of the legal environment, this book proposes that cultural factors are much more significant than allowed for by previous frameworks. This book will be invaluable for students of law and development, as well as academics researching the role of institutions. It provides a sound framework for considering legal reform and offers nuanced insights for policymakers interested in economic development.
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