Abstract
This chapter introduces the main purpose of this book, which consists of using data on legal rules and regulatory outcomes from the Doing Business Project over the period 2006–2014 in order to establish whether the variation in legal rules has affected financial and economic developmental outcomes, as suggested by the law and finance view. This chapter then advances the main results of the empirical analysis: (i) the existence of catching-up of the French civil law to the average legal and regulatory standards of the British common law, (ii) lack of a clear-cut effect of legal rules and regulatory indicators on financial and economic performance, and (iii) the existence of a gap between legal rules and the reality on the ground.
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Notes
- 1.
All the information about the Doing Business Project is available at http://www.doingbusiness.org/
- 2.
The critical literature review in Chap. 2 provides many references of studies that fail to find statistically significant differences in outcomes between the French civil law and the British common law for a wide variety of legal and regulatory indicators.
References
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Oto-Peralías, D., Romero-Ávila, D. (2017). Introduction. In: Legal Traditions, Legal Reforms and Economic Performance. Contributions to Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-67041-6_1
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DOI: https://doi.org/10.1007/978-3-319-67041-6_1
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