Notarial Systems, Legal Origins, and the Property Rights Gap: Evidence from Global IPRI Data

Title Notaries, Property Institutions, and the Civil Law Trap: Evidence from Global IPRI Data Description This project examines the relationship between national notarial systems and institutional quality across countries using data from the International Property Rights Index (IPRI). We analyze how different legal traditions—particularly civil law systems with Latin Notariat models—affect property rights enforcement, regulatory quality, and corporate governance. By applying Principal Component Analysis (PCA) to 13 institutional variables from the IPRI dataset, we derive three dimensions of governance: Property Rights and Enforcement Political Governance and Rule of Law Registration and Financing Access We then use logistic regression to estimate the probability that a country uses a specific notarial system (e.g., Latin Notariat) based on these principal components. The findings underscore how legal traditions shape institutional outcomes and help explain the persistence of economically inefficient practices like monopolistic notary regimes. This work contributes to law-and-economics scholarship, legal origins theory, and institutional reform debates, with practical implications for international development, business law harmonization, and civil code modernization. Code (Python – Google Colab compatible) # Step 1: Install & import libraries import pandas as pd import statsmodels.api as sm from sklearn.decomposition import PCA from sklearn.preprocessing import StandardScaler from google.colab import files # Step 2: Upload CSV uploaded = files.upload() # Step 3: Load CSV df = pd.read_csv('IPRI_with_Notary_Systems.csv') # Step 4: Rename IPRI columns rename_dict = { 'Legal and Political Environment (LP)': 'LP', 'Judicial Independence': 'Judicial_Independence', 'Rule of Law': 'Rule_of_Law', 'Political Stability': 'Political_Stability', 'Control of Corruption': 'Control_of_Corruption', 'Physical Property Rights (PPR)': 'PPR', 'Physical Property Protection': 'Physical_Property_Protection', 'Registering Process': 'Registering_Process', 'Access to Financing': 'Access_to_Financing', 'Intellectual Property Rights (IPR)': 'IPR', 'Intellectual Property Protection': 'Intellectual_Property_Protection', 'Patent Protection': 'Patent_Protection', 'Copyright Protection': 'Copyright_Protection', 'Trademark Protection': 'Trademark_Protection' } df.rename(columns=rename_dict, inplace=True) ipri_vars = list(rename_dict.values()) # Step 5: Drop missing values df.dropna(subset=['Notary System'] + ipri_vars, inplace=True) # Step 6: Create dummy variables for notary systems df['Notary_System_Clean'] = df['Notary System'].str.replace(" ", "_") notary_dummies = pd.get_dummies(df['Notary_System_Clean'], prefix='Notary', drop_first=False) # Step 7: Standardize IPRI variables for PCA scaler = StandardScaler() X_scaled = scaler.fit_transform(df[ipri_vars]) # Step 8: Run PCA pca = PCA(n_components=3) X_pca = pca.fit_transform(X_scaled) df[['PC1', 'PC2', 'PC3']] = X_pca # Step 9: Interpret principal components by top loadings pca_loadings = pd.DataFrame(pca.components_.T, columns=['PC1', 'PC2', 'PC3'], index=ipri_vars) top_features = {pc: pca_loadings[pc].abs().sort_values(ascending=False).head(3).index.tolist() for pc in ['PC1', 'PC2', 'PC3']} pc_names = { 'PC1': f"Property Rights and Enforcement ({', '.join(top_features['PC1'])})", 'PC2': f"Political Governance and Rule of Law ({', '.join(top_features['PC2'])})", 'PC3': f"Registration and Financing Access ({', '.join(top_features['PC3'])})" } # Step 10: Run logistic regression for each notary system logit_results = {} for notary_type in notary_dummies.columns: df['target'] = notary_dummies[notary_type].astype(int) X = sm.add_constant(df[['PC1', 'PC2', 'PC3']]) y = df['target'] model = sm.Logit(y, X).fit(disp=0) logit_results[notary_type] = model.summary() # Step 11: Print interpretation of PCs print("🔍 Principal Component Names and Top Influences:") for pc, name in pc_names.items(): print(f"{pc}: {name}") # Step 12: Print regression summary for one system print("\n📊 Logistic Regression: Civil_Law_(Latin)") print(logit_results.get('Notary_Civil_Law_(Latin)', "Notary type not found.")) License Creative Commons Attribution 4.0 International (CC BY 4.0) Let me know if you would like me to generate the README.md, metadata.json, or help you upload the full dataset + notebook to Zenodo.