Do legal origins have persistent effects over time?
a look at law and finance around the world c. 1900
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Author
Contributions
- Harvard Business School - Contributor
Publication
2008 - Harvard Business School, Boston, Massachusetts
Language
English
Word Count
16,000 words, Guess
Page Count
64 pages
Identifiers
- OCLC Control Number191879246
- Open LibraryOL48025791M
Description
How persistent are the effects of legal institutions adopted or inherited in the distant past? A substantial literature argues that legal origins have persistent effects that explain clear differences in investor protections and financial development around the world today (La Porta et al, 1998, 1999 and passim). This paper examines the persistence of the effects of legal origins by examining new estimates of different indicators of financial development in more than 20 countries in 1900 and 1913.
Subjects
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