Do legal origins have persistent effects over time?
Subtitle: a look at law and finance around the world c. 1900
By: Aldo Musacchio
Contributors: Harvard Business School
Series: Working paper / Harvard Business School -- 08-030; Working paper (Harvard Business School) -- 08-030
Publisher: Harvard Business School
Published: 2008
Place of publication: Boston]
Language: eng
Number of pages: 64
Description: How persistent are the effects of legal institutions adopted or inherited in the distant past? A substantial literature argues that legal origins have persistent effects that explain clear differences in investor protections and financial development around the world today (La Porta et al, 1998, 1999 and passim). This paper examines the persistence of the effects of legal origins by examining new estimates of different indicators of financial development in more than 20 countries in 1900 and 1913.
Notes: "January 2008"--Publisher's web site.

Includes bibliographical references.