Calendrier du 22 octobre 2019
Paris Trade Seminar
Du 22/10/2019 de 14:30 à 16:00
Maison des Sciences Economiques, Université Paris 1, 106-112 boulevard de l’hôpital, 75013 Paris (M° Campo-Formio), salle du 6ème
VILLEGAS SANCHEZ Carolina (ESADE, Barcelone)
Foreign Investment and Domestic Productivity: Identifying Knowledge Spillovers and Competition Effects
écrit avec Christian Fons-Rosen, Sebnem Kalemli-Ozcan, Bent E. Sorensen, Vadym Volosovych
Applied Economics Lunch Seminar
Du 22/10/2019 de 12:30 à 13:30
Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
MEHMOOD Sultan ()
Judicial Independence and Development: Evidence from Pakistan
To what extent does the Presidential appointment of judges impact judicial decision making? This paper provides causal evidence that the institution of Presidential appointment exerts considerable influence on judicial decision making in Pakistan. We find that a change in selection procedure of judges from Presidential appointment to appointment by a judicial commission (consisting of peer judges) significantly reduces rulings in favor of the government and that this reduction reflects an improvement in the quality of judicial decisions. Using mandatory retirement age as an instrument for new appointments allows us to estimate the causal effect of the reform. We test for, and provide evidence against, potential threats to identification and alternative explanations to our findings. The analysis of case content reveals that the results are explained by rulings in politically salient cases. We find evidence of selection effects mechanism: judges appointed by the President are more likely to have been politically active prior to their appointment. We also find a positive welfare effect of the reform, with lower expropriation risk leading to increased investment in the construction industry and higher house prices.