Economic Growth, Markets and the Rule of Law: Brief Considerations on the Brazilian Case
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 cap...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
FUCAPE Business School
2021-01-01
|
| Series: | BBR: Brazilian Business Review |
| Subjects: | |
| Online Access: | http://www.redalyc.org/articulo.oa?id=123067049005 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1825207276572508160 |
|---|---|
| author | Alexandre B. Cunha |
| author_facet | Alexandre B. Cunha |
| author_sort | Alexandre B. Cunha |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-8a094d677631424d9fb966048d9130f6 |
| institution | Kabale University |
| issn | 1807-734X |
| language | English |
| publishDate | 2021-01-01 |
| publisher | FUCAPE Business School |
| record_format | Article |
| series | BBR: Brazilian Business Review |
| spelling | doaj-art-8a094d677631424d9fb966048d9130f62025-02-06T23:39:33ZengFUCAPE Business SchoolBBR: Brazilian Business Review1807-734X2021-01-0118219621610.15728/bbr.2021.18.2.5Economic Growth, Markets and the Rule of Law: Brief Considerations on the Brazilian CaseAlexandre B. CunhaThe 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.http://www.redalyc.org/articulo.oa?id=123067049005rule of lawmarketsper capita incomegrowth |
| spellingShingle | Alexandre B. Cunha Economic Growth, Markets and the Rule of Law: Brief Considerations on the Brazilian Case BBR: Brazilian Business Review rule of law markets per capita income growth |
| title | Economic Growth, Markets and the Rule of Law: Brief Considerations on the Brazilian Case |
| title_full | Economic Growth, Markets and the Rule of Law: Brief Considerations on the Brazilian Case |
| title_fullStr | Economic Growth, Markets and the Rule of Law: Brief Considerations on the Brazilian Case |
| title_full_unstemmed | Economic Growth, Markets and the Rule of Law: Brief Considerations on the Brazilian Case |
| title_short | Economic Growth, Markets and the Rule of Law: Brief Considerations on the Brazilian Case |
| title_sort | economic growth markets and the rule of law brief considerations on the brazilian case |
| topic | rule of law markets per capita income growth |
| url | http://www.redalyc.org/articulo.oa?id=123067049005 |
| work_keys_str_mv | AT alexandrebcunha economicgrowthmarketsandtheruleoflawbriefconsiderationsonthebraziliancase |