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Does legal representation increase investment? Evidence from a field experiment in Kenya
Journal of Development Economics ( IF 4.277 ) Pub Date : 2021-02-01 , DOI: 10.1016/j.jdeveco.2020.102612
Adam Aberra , Matthieu Chemin

The legal system enforces contracts and secures property rights, thereby increasing the incentives to exert effort, invest, access credit, and grow. Yet, the high costs of access to the legal system may prevent these gains from taking place. This paper presents the results of a randomized intervention offering the services of a free lawyer for 2 years in a rural setting with prohibitive lawyer fees and numerous land disputes. Not all cases were fully resolved after 2 years, but legal representation increased the security of property rights, which translated into greater investment and access to credit.



中文翻译:

法律代表会增加投资吗?肯尼亚实地实验的证据

法律制度强制执行合同并保护财产权,从而增加了激励人们进行努力,投资,获得信贷和发展的动力。但是,使用法律制度的高昂成本可能会阻止这些收益的实现。本文介绍了一项随机干预的结果,该干预为农村地区的一名免费律师提供了两年的服务,律师费高昂,土地纠纷也很多。两年后,并非所有案件都得到完全解决,但是法律代理增加了财产权的安全性,这转化为更大的投资和获得了信贷。

更新日期:2021-02-09
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