The macroeconomic effects of legal- simplification programmes

Detalhes bibliográficos
Autor(a) principal: Costa, Luís F.
Data de Publicação: 2012
Outros Autores: St. Aubyn, Miguel
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/4315
Resumo: Legal simplification may improve the quality of institutions in industrialised countries that developed over-complex legal systems. In theory, this type of regulatory reform promotes economic efficiency, leading to higher levels of productivity and output. In this paper we use a Panel Factor-Augmented VAR approach to measure the long-run impact of legal-simplification programmes in total factor productivity. We identify shocks using data on regulatory quality and exploring qualitative information publicly available. The estimated long-run impact on total factor productivity of a typical programme is significant and about 0.6 per cent.
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spelling The macroeconomic effects of legal- simplification programmesLegal SimplificationRegulatory ReformFAVARProductivityLegal simplification may improve the quality of institutions in industrialised countries that developed over-complex legal systems. In theory, this type of regulatory reform promotes economic efficiency, leading to higher levels of productivity and output. In this paper we use a Panel Factor-Augmented VAR approach to measure the long-run impact of legal-simplification programmes in total factor productivity. We identify shocks using data on regulatory quality and exploring qualitative information publicly available. The estimated long-run impact on total factor productivity of a typical programme is significant and about 0.6 per cent.ISEG - Departamento de EconomiaRepositório da Universidade de LisboaCosta, Luís F.St. Aubyn, Miguel2012-04-30T15:34:00Z20122012-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/4315engCosta, Luís F e Miguel St. Aubyn. (2012). "The macroeconomic effects of legal- simplification programmes". Instituto Superior de Economia e Gestão - DE Working papers nº 12-2012/DE/UECE0874-4548info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-03T01:31:45Zoai:www.repository.utl.pt:10400.5/4315Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:52:00.361389Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The macroeconomic effects of legal- simplification programmes
title The macroeconomic effects of legal- simplification programmes
spellingShingle The macroeconomic effects of legal- simplification programmes
Costa, Luís F.
Legal Simplification
Regulatory Reform
FAVAR
Productivity
title_short The macroeconomic effects of legal- simplification programmes
title_full The macroeconomic effects of legal- simplification programmes
title_fullStr The macroeconomic effects of legal- simplification programmes
title_full_unstemmed The macroeconomic effects of legal- simplification programmes
title_sort The macroeconomic effects of legal- simplification programmes
author Costa, Luís F.
author_facet Costa, Luís F.
St. Aubyn, Miguel
author_role author
author2 St. Aubyn, Miguel
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Costa, Luís F.
St. Aubyn, Miguel
dc.subject.por.fl_str_mv Legal Simplification
Regulatory Reform
FAVAR
Productivity
topic Legal Simplification
Regulatory Reform
FAVAR
Productivity
description Legal simplification may improve the quality of institutions in industrialised countries that developed over-complex legal systems. In theory, this type of regulatory reform promotes economic efficiency, leading to higher levels of productivity and output. In this paper we use a Panel Factor-Augmented VAR approach to measure the long-run impact of legal-simplification programmes in total factor productivity. We identify shocks using data on regulatory quality and exploring qualitative information publicly available. The estimated long-run impact on total factor productivity of a typical programme is significant and about 0.6 per cent.
publishDate 2012
dc.date.none.fl_str_mv 2012-04-30T15:34:00Z
2012
2012-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/4315
url http://hdl.handle.net/10400.5/4315
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Costa, Luís F e Miguel St. Aubyn. (2012). "The macroeconomic effects of legal- simplification programmes". Instituto Superior de Economia e Gestão - DE Working papers nº 12-2012/DE/UECE
0874-4548
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - Departamento de Economia
publisher.none.fl_str_mv ISEG - Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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