74th International Atlantic Economic Conference

October 04 - 07, 2012 | Montréal, Canada

One decade of economic impact from the US federal judiciary: How LIDM affects the economy

Sunday, October 7, 2012: 11:35 AM
Stephanie Bardwell, JD, LLM , LUTER SCHOOL, Christopher Newport University, Newport News, VA
The objective of this paper is to posit a significant relationship between this nation’s economic performance and productivity of the federal judiciary in the United States. The methodology includes analysis of anecdotal observations of the Chief Justice(s) as well as extensive numeric data obtained from the official annual year end reports of the federal judiciary system. Data is extracted and analyzed to develop how LIDM [legal insight decision making] affects the economy. Finally, we examine the relationship between economics and law and provide a thorough analysis of a full decade's worth of data [2001-2011] in a novel manner by constructing a model for US federal judiciary productivity as a reliable proxy for virtual legal, regulatory and economic indicators. The expected results are that the productivity of the US Federal Judiciary are a  reasonable proxy for legal or regulatory economic impact.