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来源类型Working Paper
规范类型报告
DOI10.3386/w28794
来源IDWorking Paper 28794
The Legal Origins of Financial Development: Evidence from the Shanghai Concessions
Ross Levine; Chen Lin; Chicheng Ma; Yuchen Xu
发表日期2021-05-17
出版年2021
语种英语
摘要We assemble new data on the British and French concessions in Shanghai between 1845 and 1936 to assess the legal origins view of financial development. During this period, two regime changes altered the degree to which the British common and French civil law traditions held jurisdiction over the respective concessions: the 1869 formation of the Mixed Courts strengthened Western legal jurisdiction, while the 1926 rendition agreement returned those courts to Chinese control. By examining the changing application of different legal traditions to adjacent neighborhoods within the same city, we address identification challenges associated with cross-country studies. Consistent with the legal origins view, the financial development advantage in the British concession widened after the formation of the Courts and shrank after their rendition.
主题Financial Economics ; Financial Institutions ; Other ; Law and Economics ; History ; Financial History ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w28794
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/586466
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GB/T 7714
Ross Levine,Chen Lin,Chicheng Ma,et al. The Legal Origins of Financial Development: Evidence from the Shanghai Concessions. 2021.
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