Law, economic growth and human development

Simplice A., Asongu (2011): Law, economic growth and human development.

Abstract

This paper cuts adrift the mainstream approach to the legal-origins debate on the law-growth nexus by integrating both overall economic and human components in our understanding of how regulation quality and the rule of law lie at the heart of economic and inequality adjusted human developments. Findings summarily reveal that legal-origin does not explain economic growth and human development beyond the mechanisms of law channels. As a policy implication results support benefits of the rule of law and quality of regulation as channels to economic growth and human development.

• Item Type: MPRA Paper
• Language: English
• Keywords: Law; economic growth; human development; developing countries
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development; K - Law and Economics > K2 - Regulation and Business Law; P - Economic Systems > P5 - Comparative Economic Systems; I - Health, Education, and Welfare > I0 - General; K - Law and Economics > K4 - Legal Procedure, the Legal System, and Illegal Behavior

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