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independence of the judiciary and demonstrated its utility in a large cross-section of countries. The indicator has been widely …
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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...
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ineffective. Thus, economic growth often starts without strong courts, and efforts to improve the quality of the judiciary are …
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of economic freedom, and the risk and characteristics of economic crisis. After offering some brief theoretical … considerations, I estimate the effects of economic freedom on crisis risk in the post-Cold War period 1993-2010. I further estimate … period. Estimates suggest that economic freedom is robustly associated with smaller peak-to-trough ratios and shorter …
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