Justice Delayed Is Growth Denied
The Effect of Slow Courts on Relationship-Specific Industries in India
Bibliographic Data
| ID | 4361295 |
|---|---|
| Authors | Amrit Amirapu (0000-0001-9922-9363, University of Kent, corresponding author) |
| Year | 2021 |
| Volume | 70 |
| Issue | 1 |
| Pages | 415-451 |
| Publication date | 2021-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economic Development and Cultural Change (JOURNAL) |
| Journal identifiers | ISSN: 0013-0079 • E-ISSN: 1539-2988 |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/711171 |
| OpenAlex | W2608862837 |
| Language | EN |
| Citations received | 8 |
| References cited | 24 |
Are well-functioning formal judicial institutions important for economic development, or can informal contracting arrangements provide adequate substitutes? This paper aims to answer this question using variation across industries in their reliance on contracts along with variation across Indian states in the average speed of courts. The identification strategy is motivated by theory from the incomplete contracting literature, in which it is argued that transactions involving relationship-specific investments are more exposed to postcontractual opportunism and hence have greater need for efficient contract enforcement. The paper finds that the interaction between state-level court efficiency and industry-level relationship specificity is highly predictive of future growth in India’s formal manufacturing sector. The threat of omitted variable bias is minimized by the inclusion of state and industry fixed effects, while a number of robustness checks and placebo tests rule out competing explanations and provide additional confidence in the hypothesized mechanism
Economic Justice · Economics · Enforcement · Industrial organization · Law and economics · Market economy · Microeconomics · Opportunism · Political science · Public economics · Robustness (evolution) · Variation (astronomy) · Corruption and Economic Development · Law · Law, Economics, and Judicial Systems · Taxation and Compliance Studies
Judicial Efficiency and Firm Productivity
Case scheduling system for enhanced judicial performance
Temperature and convictions
Links between the sustainable development goals
Making information actionable
Cross-border Crime Dynamics in Federal Systems
Mammoth backlog of court cases pending in India
A bargaining experiment under weak property rights, with implications for indigenous title claims
Does Management Matter? Evidence from India
Relationship-Specificity, Incomplete Contracts, and the Pattern of Trade
Vertical Integration, Appropriable Rents, and the Competitive Contracting Process
The Organization of Firms Across Countries
Estimating Standard Errors in Finance Panel Data Sets
Institutional Quality and International Trade
Disorganization
Networks versus markets in international trade
Estimating Production Functions Using Inputs to Control for Unobservables
Inference with Difference-in-Differences and Other Panel Data
Trade, Law, and Product Complexity
Using the law to change the custom
Aid, Dutch disease, and manufacturing growth
Endogenous enforcement institutions
Are Surveys on Trust Trustworthy
Unbundling Institutions
The Costs and Benefits of Ownership
| Citations per year | 1.33 |
|---|---|
| Citation span | 2020 - 2026 (7) |
| Highly cited | No |