III Rodolfo Debenedetti Lecture – Luigi Zingales

A growing body of research has established the importance of rule of law as a determinant of growth, productivity, and financial development. But what determines rule of law? The Lecture argued that a critical element in ensuring rule of law is the commitment of a country´s government to respect the property rights of its own citizens. A variety of empirical findings and analytical models was used to support this claim.