Improving credibility by delegating judicial competence - the case of the Judicial Committee of the Privy Council

• 成果类型: Article
• 署名作者: Voigt, Stefan; Ebeling, Michael; Blume, Lorenz
• 署名单位: Universitat Kassel
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2006.04.004
• 发表日期: 2007
• 页码: 348-373
• 关键词: credibility; delegation of competence; JUDICIAL INDEPENDENCE; Economic history; Judicial Committee of the Privy Council

摘要

It is argued that government credibility is an important resource and that it can be improved by delegating decision-making competence beyond the nation-state. It is hypothesized that such delegation should result in higher income and growth. Some former British colonies retained the Judicial Committee of the Privy Council as their final court of appeals even after independence. This court is thus taken as a natural experiment to test our hypothesis. It turns out that retaining the jurisdiction is indeed significant for explaining economic growth. (C) 2006 Elsevier B.V. All rights reserved.