This is the first paper to investigate whether the number of high courts in a country has systematic effects both on the quality of its legal system and on its level of economic development more generally. It is theorized that due to the division of labor and a higher degree of specialization,...

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...