Law and Investment in Africa

Simplice A., Asongu (2011): Law and Investment in Africa.

Abstract

This paper sets a new tone in the legal origins debate with the overwhelming dominance of French civil-law countries in private investment: contrary to mainstream consensus where-in, English common-law countries are better at championing private property rights (La Porta et al., 1998; Beck et al, 2003). Findings are premised on much recent data (1996-2007) from 38 African countries. The study investigates how French, English, French sub-Saharan, Portuguese and North African legal origins shape domestic, foreign, private and public investments through law channels of regulation quality and the rule of law.

• Item Type: MPRA Paper
• Language: English
• Keywords: Law; investment; developing countries
• Subjects: K - Law and Economics > K4 - Legal Procedure, the Legal System, and Illegal Behavior > K40 - General; K - Law and Economics > K2 - Regulation and Business Law > K20 - General; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22 - Investment ; Capital ; Intangible Capital ; Capacity; G - Financial Economics > G2 - Financial Institutions and Services > G20 - General; P - Economic Systems > P5 - Comparative Economic Systems > P50 - General

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