Legal traditions and competition policy

Lee, Cassey H

doi:10.1016/j.qref.2005.01.002

Cited by 9 publications

(1 citation statement)

References 24 publications

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“…There is far less empirical literature on the effects of legal origins on economic freedom than one may think, with direct tests including Nattinger and Hall (2012), March et al (2017) and Murphy (2021). Tests on only some aspects of economic freedom include La Porta et al (1998), Mahoney (2001), Djankov et al (2002), Botero et al (2004), Lee (2005), Berkowitz and Clay (2005;2006), Besley and Ghatak (2010), and Davis and Williamson (2016). Results tend to support the conclusion that British legal origins are beneficial for economic freedom and French legal origins are harmful, although this finding is hardly universal.…”

Section: Notesmentioning

confidence: 99%

The constitution of ambiguity: The effects of constitutions on economic freedom

Murphy

2022

Economic Affairs

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This article follows de Vanssay et al. (2005) in examining the effects of characteristics of constitutions on economic freedom, using data originating in the Database of Political Institutions. With recent data, correlational findings are reproduced and extended. However, introducing almost any degree of identification draws results strongly into question. There are strong reasons against placing confidence in a causal relationship between a broader array of constitutional characteristics and economic freedom. But the variables considered here do not include direct measures of democracy or civil liberties, whose positive effects on economic freedom have stronger support elsewhere in the literature.

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