Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Rule of Law and Economic Performance

  • Rosolino A. CandelaEmail author
  • Ennio Piano
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_736


This entry explores the connection between the rule of law and economic performance. First, we analyze the role of interjurisdictional competition, and how the rule of law emerged as a by-product of this competitive process, initially in Western Europe. Second, we discuss the role of intrajurisdictional competition between interest groups, which reinforced the emergence of the rule of law within states. Finally, we discuss the mechanism by which the rule of law successfully or unsuccessfully became established in Western offshoots, particularly in Africa and the Americas, affecting the long-term economic performance of these areas.

JEL Codes

O12 P14 P16 
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© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Political Theory Project, Department of Political ScienceBrown UniversityProvidenceUSA
  2. 2.Department of EconomicsGeorge Mason UniversityFairfaxUSA