Law, Finance and Development Indices, 1970-2005


Abstract copyright UK Data Service and data collection copyright owner.

This study examined the links between legal systems and economic development, focusing on the relationship between law and finance. New datasets were created, charting legal change over time in the areas of shareholder protection, creditor protection and labour regulation. Indices with up to 60 indicators were used to code for the law of five significant countries (France, Germany, India, the United Kingdom and the United States of America) for 36 years (1970-2005), and reduced-form indices of 10-12 indicators to code for a wider sample (25 countries) for the period 1995-2005. The coding methods used marked an advance on previous studies, by incorporating a wider range of legal and regulatory variables and taking into account the different ways in which regulatory rules can be expressed (as mandatory rules or as ‘defaults’ applying in the absence of contrary agreement). Time-series and panel data econometric analysis were used to test for correlations between the scores in the indices and economic performance variables. Further information can be found on the Centre for Business Research project web page and the ESRC Award web page.

Main Topics:

The main topics covered include: law and finance, corporate governance, economic development, legal origin, comparative law, varieties of capitalism, shareholder protection, creditor protection, labour regulation, stock market development and labour market flexibility.

No sampling (total universe)

Compilation or synthesis of existing material

Metadata Access
Creator Armour, J., University of Oxford, Faculty of Law; Singh, A., Unknown Affiliation; Deakin, S., University of Cambridge, Faculty of Law
Publisher UK Data Service
Publication Year 2009
Funding Reference Economic and Social Research Council
Rights Copyright S. Deakin, J. Armour and A. Singh; <p>The Data Collection is available to UK Data Service registered users subject to the <a href="" target="_blank">End User Licence Agreement</a>.</p><p>Commercial use of the data requires approval from the data owner or their nominee. The UK Data Service will contact you.</p>
OpenAccess true
Language English
Resource Type Numeric
Discipline Economics; Jurisprudence; Law; Social and Behavioural Sciences
Spatial Coverage Argentina; Brazil; Canada; Chile; China; Czech Republic; France; Germany (October 1990-); India; Italy; Japan; Latvia; Mexico; Netherlands; Pakistan; Russia; Slovenia; South Africa; Spain; Sweden; Switzerland; Turkey; United Kingdom; United States; Malaysia