Florencio Lopez-de-Silanes



(Friday, 22nd May 2009)

Title : The Economics of Legal Origin

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In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. This talk will summarize this evidence and attempt a unified interpretation. I will also try to address several objections to the empirical claim that legal origins matter. Finally, I will assess the implications of this research for economic reform.

Bibliographical references :

La Porta, Rafael, Florencio Lopez-de-Silanes, and Andrei Shleifer. 2008. "The Economic Consequences of Legal Origins." Journal of Economic Literature, 46(2): 285–332.

Aron Balas, Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer (2008), The Divergence of Legal Procedures, working paper.

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Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer, The law and economics of self-dealing, Journal of Financial Economics, Volume 88, Issue 3, June 2008, Pages 430-465