Timely justice as a determinant of economic growth

Djankov, Simeon (avtor), Melcarne, Alessandro (avtor), Battista Ramello, Giovanni (avtor), Spruk, Rok (avtor)

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.

• Jezik: Angleški jezik
• Ključne besede: economic growth, legislation, institutions, judicial timeliness
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: EF - Ekonomska fakulteta
• Status publikacije: Objavljeno
• Različica publikacije: Objavljena publikacija
• Leto izida: 2025
• Št. strani: 16 str.
• Številčenje: Vol. 238, article no. ǂ107235
• PID: 20.500.12556/RUL-179564
• UDK: 330.3
• ISSN pri članku: 0167-2681
• DOI: 10.1016/j.jebo.2025.107235
• COBISS.SI-ID: 249695491
• Datum objave v RUL: 17.02.2026

Gradivo je del revije

• Naslov: Journal of economic behavior & organization
• Založnik: Elsevier
• ISSN: 0167-2681
• COBISS.SI-ID: 28670209

Licence

• Licenca: CC BY 4.0, Creative Commons Priznanje avtorstva 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by/4.0/deed.sl
• Opis: To je standardna licenca Creative Commons, ki daje uporabnikom največ možnosti za nadaljnjo uporabo dela, pri čemer morajo navesti avtorja.

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: ekonomska rast, zakonodaja, institucije