There is growing evidence that economic freedom enhances economic growth. In order to safeguard economic freedom, integrating economic rights into the constitution almost seems to suggest itself. Constitutional rules, though, are not self-enforcing and thus suffer credibility problems. Many...

There is growing evidence that economic freedom enhances economic growth. In order to safeguard economic freedom, integrating respective rights into the constitution almost seems to suggest itself. Yet, constitutional rules are not self-enforcing and thus suffer credibility problems. Many...

This paper analyzes whether nation-state governments can increase their credibility by becoming members of international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have an important impact on investment and growth. It is...

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...

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...

This paper analyzes whether nation-state governments can increase their credibility by becoming members of international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have an important impact on investment and growth. It is...