Economic Growth, Markets and the Rule of Law: Brief Considerations on the Brazilian Case
ABSTRACT The existence of markets that operate smoothly is an important factor influencing a nation’s economic growth. Furthermore, an effective judicial system is a necessary condition for markets to function well. Therefore, it is reasonable to expect a positive relationship to exist between income per capita and adhesion to the rule of law. This conjecture is corroborated here in a sample of 110 countries in 2016. Additionally, the data show that the rule of law is relatively weak in Brazil, suggesting that an improvement of the Brazilian judicial system is a potential growth-enhancing reform.
Saved in:
| Main Author: | |
|---|---|
| Format: | Digital revista |
| Language: | English |
| Published: |
Fucape Business School
2021
|
| Online Access: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1808-23862021000200196 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|