Table 1

Common and Civil law differences, identification of Argentina as an extreme case of Civil law

StudyIndexCommon lawCivil lawANOVA F-value (p-value)aArgentina
Courts formalism (Djankov et al., 2003)Formalism to collect a cheque2.75644.289856.6533 (0.0000)5.4
Days to collect a cheque1762728.6245 (0.0043)300
Formalism to evict a tenant3.02004.381260.5628 (0.0000)5.49
Days to evict a tenant1992662.6976 (0.1004)440
Setting up a new company (Djankov et al., 2002)Procedures6.3812.7228.7391 (0.0000)14
Taxes1.672.766.9657 (0.0110)4
Labour1.32.5210.2430 (0.0024)5
Screening3.677.4836.8632 (0.0000)5
Days28.9662.2121.9800 (0.0000)48
Cost0.42250.6376 0.1019
Regulation of labour (Botero et al., 2004)bEmployment law0.29970.547035.9863 (0.0000)0.3442
Collective relations0.33130.491431.3153 (0.0000)0.5774
Social security0.42360.54546.0869 (0.0165)0.7154

Note(s):aOne-way ANOVA was used to test the null hypothesis that the average index for each group of countries come from the same sample; the corresponding F-values (p-values) are shown, the results of the ANOVA indicate the null hypothesis can be rejected at the 0.10 in all but the cost index of setting up a new company (included is the marginal results obtained for days to evict a tenant); bCommon Law includes all English countries and Civil Law includes all French countries

Source(s): Own elaboration

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