The macroeconomic effects of legal- simplification programmes
Autor(a) principal: | |
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Data de Publicação: | 2012 |
Outros Autores: | |
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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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 instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799130996113670144 |