Timely justice as a determinant of economic growth

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization Pub Date : 2025-09-19 DOI:10.1016/j.jebo.2025.107235

Simeon Djankov , Alessandro Melcarne , Giovanni B. Ramello , Rok Spruk

引用次数: 0

Abstract

We investigate how timeliness in enforcing legal contracts affects economic growth across countries. We focus on judicial timeliness as a proxy for courts’ performance in a large panel of 169 countries over the 2004–2019 period. We show that, by raising uncertainty and promoting opportunistic behaviors in business transactions, slower courts hinder economic development. The relationship is robust to diverse model specifications and appears stronger for business environments more heavily relying on judiciaries such as economies undergoing rapid growth, countries characterized by low human capital and civil law jurisdictions.

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及时的公正是经济增长的决定因素

我们调查了执行法律合同的及时性如何影响各国的经济增长。我们在2004年至2019年期间对169个国家进行了一个大型小组调查，重点关注司法及时性作为法院表现的代表。我们表明，通过增加不确定性和促进商业交易中的机会主义行为，较慢的法院阻碍了经济发展。这种关系对于不同的模型规格都是稳健的，并且对于更严重依赖司法机构的商业环境，例如经历快速增长的经济体、以低人力资本为特征的国家和民法司法管辖区，这种关系似乎更强。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic Behavior & Organization ECONOMICS-

CiteScore

3.80

自引率

9.10%

发文量

392

期刊介绍： The Journal of Economic Behavior and Organization is devoted to theoretical and empirical research concerning economic decision, organization and behavior and to economic change in all its aspects. Its specific purposes are to foster an improved understanding of how human cognitive, computational and informational characteristics influence the working of economic organizations and market economies and how an economy structural features lead to various types of micro and macro behavior, to changing patterns of development and to institutional evolution. Research with these purposes that explore the interrelations of economics with other disciplines such as biology, psychology, law, anthropology, sociology and mathematics is particularly welcome.