Rule of law, economic structure and development
研究发现，法治薄弱的国家中，依赖关系专用投资的中间品行业产出或就业占比异常低，这种影响通过生产率和经济结构显著作用于总体经济表现。
Abstract If rule of law encourages relationship‐specific investments, then industries that use intermediates which require relationship‐specific investments should have a disproportionately low share of output or labour in countries where rule of law is weak. We find robust support for this prediction using data on industry composition for 189 countries. Using a standard preference framework to construct model‐implied income values from the estimated coefficients, we find that the interaction between relationship specificity and rule of law may be an economically significant determinant of aggregate outcomes through its influence on productivity and economic structure.