State history, legal adaptability and financial development

• Main Authors: Ang, James B., Fredriksson, Per G.
• Other Authors: School of Social Sciences
• Format: Article
• Language: English
• Published: 2019
• Subjects: DRNTU::Social sciences::Economic development; State Antiquity; State Capacity
• Online Access: https://hdl.handle.net/10356/106480; http://hdl.handle.net/10220/47951
• Institution: Nanyang Technological University

A country’s cumulative experience with statehood influences its ability to consolidate power and create a capable bureaucracy. Longer statehood experience gives countries more time to adapt their laws to local needs, provided the legal system is adaptable. We find that, relative to British common la...