The Rule of Law and Economic Growth: Where are We?

被引:167
作者
Haggard, Stephan [1 ]
Tiede, Lydia [2 ]
机构
[1] Univ Calif San Diego, San Diego, CA 92103 USA
[2] Univ Houston, Houston, TX 77004 USA
关键词
rule of law; economic growth; institutions; economic volatility; developing countries; PROPERTY-RIGHTS; INSTITUTIONAL ENVIRONMENT; JUDICIAL INDEPENDENCE; CORRUPTION; DEMOCRACY; POLITICS; FOUNDATIONS; IMPACT;
D O I
10.1016/j.worlddev.2010.10.007
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
It is widely assumed that the rule of law is essential for economic growth. However, the rule of law is clearly a multidimensional concept, encompassing a variety of discrete components from security of person and property rights, to checks on government and control of corruption. We review the theory underlying these different causal mechanisms linking the rule of law to economic growth, and provide an introduction to some outstanding measurement issues. We find that the correlation among different components of the rule of law concept are not tight among developing countries and that some inferences about the effects of property rights protection may not be warranted. (C) 2010 Elsevier Ltd. All rights reserved.
引用
收藏
页码:673 / 685
页数:13
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