Quotation Gugler, Klaus, Clemenz, Gerhard. 2000. Macroeconomic Development and Civil Litigation. European Journal of Law and Economics 9 215-230.


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Abstract

This paper contributes to the explanation of the tremendous rise in civil litigation activity in Austria over the last four decades by analysing the influence of macroeconomic conditions on civil litigation. We find that the number of transactions per individual}proxied by the level of real per capita GDP}positively influences the amount of litigation per capita. Inertia in litigious behavior reinforces effects. In the short run, however, we observe a countercyclical pattern of litigious activity. Cointegration analysis confirms the short run negative association, and a long run cointegrating relationship between GDP andcivil litigation. Several robustness tests corroborate our results. Rent-seeking interpretations, and possible detrimental effects on the long run growth prospects cannot be excluded.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal European Journal of Law and Economics
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, STRAT-C
Language English
Title Macroeconomic Development and Civil Litigation
Volume 9
Year 2000
Page from 215
Page to 230

Associations

People
Gugler, Klaus (Details)
External
Clemenz, Gerhard (Universit├Ąt Wien, Austria)
Organization
Research Institute for Regulatory Economics FI (Details)
Institute for Quantitative Economics IN (Details)
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