A look at the role of the judiciary in the prosperity of production, a good governance approach

Production growth is introduced as one of the central goals of economic policies in economic literature. In an efficient and prosperous economy, the main burden of production falls on the private sector or the people. Many experiments and historical experiences indicate that the government involvement in the production sector has not been worked successfully, and caused considerable inefficiencies and corruption subsequently. In addition to the avoidance necessity of government administration in production field, the new literature of economic considers that the direct planning on productions issues is inefficient. Instead, the most important function of the government is providing a platform for business and production. So the main task of governance institutions is trying to improve the business environment. In this paper we show that the judiciary has an irreplaceable role in improving the business environment and the prosperity of production by reviewing previous studies and presenting a theoretical and conceptual model.