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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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Over 10 years ago, Feld and Voigt (2003) introduced the first indicator for objectively meas-uring the actual independence of the judiciary and demonstrated its utility in a large cross-section of countries. The indicator has been widely used, but also criticized. This paper pre-sents more...
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motivated by theory from the incomplete contracting literature in which it is argued that transactions involving relationship …
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Economic theory generally supports the idea that judicial independence, and, more generally, high quality courts …
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link between crime and growth based on the theory of rational choice and empirical data. Exogenous and endogenous growth …Crime is a major impediment to economic growth and development in Nigeria despite measures taken to reduce it. There is …, however, currently no major statistical analysis of how crime affects economic growth in that country. This study examines the …
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