Judicial Independence And Its Effect On Economic Growth

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I Introduction: Judicial independence has been universally regarded as a basis for the rule of law. My research will address one main question related to the effect of judicial independence. Did judicial independence cause GDP growth after the 2008 recession? Political scientists and law scholars have long linked judicial independence with GDP growth. However, factors such as a global recession have been largely ignored to support this notion. I propose that GDP growth will be positively influenced by judicial independence. II Literature Review: Feld, Lars, and Voigot analyzed 57 countries, on whether judicial independence affects economic growth. They looked at the GDP per country as a primary sign of growth. Two indicators measured judicial independence de jure which focused on legal foundations of judges and de facto which focused on actual experiences with judicial independence. This includes court proceeding times and judge’s salary. They found that de jure judicial independence did not have any pronounced effect on GDP but de facto judicial independence positively influenced GDP. Feld and Vigot sampled countries using an econometric model that was estimated according to GDP growth per capita between 1980 and 1998. Their model is also followed by checking databases for results such as “economic freedom, legal origin of a country, and political stability” (Feld, Vigot 13). GDP proved problematic for their research. This is because many of the Eastern European countries
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