Legal incentives to economic growth – the case of the Israeli R&D Law

Abstract

Purpose

The purpose is to better understand the way legal mechanisms follow up and support or repress economic growth

Design/methodology/approach

The case of the Israeli R&D Law is presented, and the development of the law is compared to changes in the environment

Findings

The findings show that the legal aspect of economic support laws is significant and that better adaptation to the environment is required.

Practical implications

Areas / countries seeking to enact laws regarding economic growth and R&D support should analyze this example and draw conclusions for their law formulation systems.

Originality/value

This paper is a case study article showing the example of a well documented impact of the legal system on economic growth, and how changes in the environment should be translated without delay, or with minimum delay into the legal framework. It could help policy makers and legal decision makers better understand the impact of such laws.

Citation

Porath, A. (2006), "Legal incentives to economic growth – the case of the Israeli R&D Law", Managerial Law, Vol. 48 No. 3, pp. 322-333. https://doi.org/10.1108/03090550610674671