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What Drives Financial Development? A Meta-Regression Analysis
Doucouliagos, Chris - 2020
This paper offers a meta-regression analysis of the literature on the drivers of financial development. Our results based on 1900 estimates suggest that institutional quality is positively correlated to both private sector credit and stock market capitalization (both as share of GDP). Domestic...
Persistent link: https://www.econbiz.de/10012830987
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Coups, Regime Transition, and the Dynamics of Press Freedom
Bjørnskov, Christian - 2018
This paper explores the dynamics of press freedom around events that threaten or oust the incumbent regime of a country …. While democracies on average grant the press more freedom, our theoretical starting point is that democracies and … government. We estimate the dynamics of press freedom around both failed and successful coups and find that although press …
Persistent link: https://www.econbiz.de/10012908729
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Explaining constitutional change: The case of judicial independence
Hayo, Bernd; Voigt, Stefan - 2012
This paper studies the factors driving changes in judicial independence (JI) as incorporated in constitutions. Two indicators of constitutionally safeguarded JI are constructed. Variations in these indicators are identified based on changes in the constitutions of as many as 100 countries that...
Persistent link: https://www.econbiz.de/10010291534
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Making judges independent : some proposals regarding the judiciary
Feld, Lars P.; Voigt, Stefan - 2004
It is argued that an independent judiciary is a necessary condition for both individual liberty and economic prosperity …. After having surveyed the literature dealing with how to arrange for an independent judiciary, the authors derive some …
Persistent link: https://www.econbiz.de/10010261246
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The relevance of judicial procedure for economic growth
Hayo, Bernd; Voigt, Stefan - 2008
It has been argued that procedural formalism undermines economic efficiency by fostering rent-seeking and corruption. We challenge this view by arguing that a number of judicial procedures foster economic growth by increasing the predictability of court decisions, which leads to more...
Persistent link: https://www.econbiz.de/10010264530
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Determinants of constitutional change: Why do countries change their form of governments?
Hayo, Bernd; Voigt, Stefan - 2010
A country's form of government has important economic and political consequences, but the determinants that lead countries to choose either parliamentary or presidential systems are largely unexplored. This paper studies this choice by analyzing the factors that make countries switch from...
Persistent link: https://www.econbiz.de/10010270500
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Power over prosecutors corrupts politicians: cross country evidence using a new indicator
van Aaken, Anne; Feld, Lars P.; Voigt, Stefan - 2008
It is hypothesized that prosecution agencies that are dependent on the executive have less incentives to prosecute crimes committed by government members which, in turn, increases their incentives to commit such crimes. Here, this hypothesis is put to an empirical test focusing on a particular...
Persistent link: https://www.econbiz.de/10010270593
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The (economic) effects of lay participation in courts: a cross-country analysis
Voigt, Stefan - 2008
Legal philosophers like Montesquieu, Hegel and Tocqueville have argued that lay participation in judicial decision-making would have benefits reaching far beyond the realm of the legal system narrowly understood. From an economic point of view, lay participation in judicial decision-making can...
Persistent link: https://www.econbiz.de/10010264411
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Political repression and child labor : theory and empirical evidence
Maffei, Sandro; Raabe, Nikolai; Ursprung, Heinrich W. - 2004
more lenient and child labor thus more prevalent than in countries enjoying political freedom. We test this implication and …
Persistent link: https://www.econbiz.de/10010261268
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The Political Economy of the Prussian Three-Class Franchise
Becker, Sascha O. - 2019
Did the Prussian three-class franchise, which politically over-represented the economic elite, affect policy-making? Combining MP-level political orientation, derived from all roll call votes in the Prussian parliament (1867-1903), with constituency characteristics, we analyze how local vote...
Persistent link: https://www.econbiz.de/10012861476