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Economic and Institutional Determinants of the Rule of Law: A New Empirical Exploration

2021, 88, No. 1

Warsaw University of Life Sciences

University of Warsaw


Publication date

13.12.2021

Publishing model

open access

License type


Field

Law

Discipline

law

Language of publication

English

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PDF 981 KB

Article

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Number of downloads:40

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Abstract

The rule of law has proved to be significant in economic and social development and the functioning of political systems. At the same time, determinants of the rule of law remain far from transparent. Our study focuses on a novel set of economic and institutional factors potentially shaping the rule of law. The quantitative research is based on econometric and machine-learning apparatus and covers a global sample of countries. The output of our study exposes the crucial role of the quality of the law, access to justice and impartial public administration to assure the rule of law. Apart from the contribution to the literature, our conclusions may be helpful for policymakers.

Keywords:

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