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Revisiting the efficiency and institutions debate: The interaction of legal origins and ethnic heterogeneity

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  • Bournakis, Ioannis
  • Christopoulos, Dimitris
  • Rizov, Marian

Abstract

We analyse the interaction between legal origins and ethnic heterogeneity and their combined impact on national efficiency. We hypothesise that in the presence of high ethnic heterogeneity common-law system performs worse than civil-law one in terms of economic efficiency. Our empirical tests on the sample of African countries support our hypothesis.

Suggested Citation

  • Bournakis, Ioannis & Christopoulos, Dimitris & Rizov, Marian, 2018. "Revisiting the efficiency and institutions debate: The interaction of legal origins and ethnic heterogeneity," EconStor Preprints 191313, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:191313
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    File URL: https://www.econstor.eu/bitstream/10419/191313/1/Legal%20origin%20and%20ethnicity%20WP12.pdf
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    References listed on IDEAS

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    1. Robert C. Feenstra & Robert Inklaar & Marcel P. Timmer, 2015. "The Next Generation of the Penn World Table," American Economic Review, American Economic Association, vol. 105(10), pages 3150-3182, October.
    2. Andrei Shleifer & Florencio Lopez-de-Silanes & Rafael La Porta, 2008. "The Economic Consequences of Legal Origins," Journal of Economic Literature, American Economic Association, vol. 46(2), pages 285-332, June.
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    5. Mahoney, Paul G, 2001. "The Common Law and Economic Growth: Hayek Might Be Right," The Journal of Legal Studies, University of Chicago Press, vol. 30(2), pages 503-525, Part I Ju.
    6. William Easterly & Ross Levine, 1997. "Africa's Growth Tragedy: Policies and Ethnic Divisions," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1203-1250.
    7. Battese, G E & Coelli, T J, 1995. "A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data," Empirical Economics, Springer, vol. 20(2), pages 325-332.
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    Cited by:

    1. Ryan H. Murphy, 2021. "The Soft Stuff of Institutional Development: Culture, Cohesion, and Economic Freedom," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 36(Summer 20), pages 37-66.

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    More about this item

    Keywords

    national efficiency; institutions; legal origins; ethnic heterogeneity;
    All these keywords.

    JEL classification:

    • K15 - Law and Economics - - Basic Areas of Law - - - Civil Law; Common Law
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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