Judicial Efficiency and Firm Productivity: Evidence from a World Database of Judicial Reforms
研究了由外部资助的司法改革如何影响司法效率和企业生产率，发现全面改革能提升司法效率感知和企业生产率，尤其对依赖关系专用投资的行业效果显著。
I assemble and classify a database of judicial reforms funded by foreign aid agencies as either comprehensive (targeting all characteristics of quality, speed, access) or limited reform. A triple difference is used to compare firms in countries with or without judicial reforms, before and after reforms, and in sectors more or less reliant on contract enforcement mechanisms, due to their need for relationship-specific investments. I find that externally financed comprehensive judicial reforms improve perceptions of judiciary efficiency (for all firms) and firm productivity (for sectors relying on relationship-specific investments) by 0.15 and 0.09 (22%) standard deviation, respectively.