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Djankov, Simeon - 2005

We investigate cross-country determinants of private credit, using new data on legal creditor rights and private and public credit registries in 129 countries. We find that both creditor protection through the legal system and information sharing institutions are associated with higher ratios of...

Persistent link: https://www.econbiz.de/10012467609

The Guarantees of Freedom

Porta, Rafael La - 2002

Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from political interference in the administration of justice, from those of American freedom, which allow judges to restrain law-making powers of the sovereign through constitutional...

Persistent link: https://www.econbiz.de/10012469956

The Proper Scope of Government : Theory and an Application to Prisons

Hart, Oliver - 1996

effect on non-contractible quality. The model is applied to understanding the costs and benefits of prison privatization …

Persistent link: https://www.econbiz.de/10012473090

How Does Privatization Work? Evidence from the Russian Shops

Barberis, Nicholas - 1995

alternative channels through which privatization promotes restructuring. Restructuring is measured as capital renovation, change …

Persistent link: https://www.econbiz.de/10012473750

Privatization in the United States

Lopez-de-Silane, Florencio - 1995

government employees and contracting out to private suppliers, also known as privatization. We examine empirically how United … laws restricting county spending encourage privatization, whereas strong public unions discourage it. The evidence is … by political patronage and taxpayer resistance to government spending in the privatization decision …

Persistent link: https://www.econbiz.de/10012473773

Federalism with and without Political Centralization : China versus Russia

Blanchard, Olivier - 2000

In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have typically stood in the way, be it through taxation, regulation, or corruption. There appears to be two main reasons behind the behavior of local governments in Russia. First,...

Persistent link: https://www.econbiz.de/10012471154

The Divergence of Legal Procedures

Balas, Aron - 2008

Djankov et al. (2003a) propose and measure for 109 countries in the year 2000 an index of formalism of legal procedure for two simple disputes: eviction of a non-paying tenant and collection of a bounced check. For a sub-sample of 40 countries, we compute this index every year starting in 1950,...

Persistent link: https://www.econbiz.de/10012464838

Debt Enforcement Around the World

Djankov, Simeon - 2006

We present insolvency practitioners from 88 countries with an identical case of a hotel about to default on its debt, and ask them to describe in detail how debt enforcement against this hotel will proceed in their countries. We use the data on time, cost, and the likely disposition of the...

Persistent link: https://www.econbiz.de/10012465852

What Works in Securities Law?

Porta, Rafael La - 2003

We examine the effect of securities laws on stock market development in 49 countries. We find almost no evidence that public enforcement benefits stock markets, and strong evidence that laws facilitating private enforcement through disclosure and liability rules benefit stock markets

Persistent link: https://www.econbiz.de/10012468815

The Regulation of Labor

Djankov, Simeon - 2003

We investigate the regulation of labor markets through employment laws, collective bargaining laws, and social security laws in 85 countries. We find that richer countries regulate labor less than poorer countries do, although they have more generous social security systems. The political power...

Persistent link: https://www.econbiz.de/10012468942