Property Rights and Economic Growth in Africa: An Econometric Analysis

Van, Germinal (2020): Property Rights and Economic Growth in Africa: An Econometric Analysis.

Abstract

The purpose of this paper is to establish a positive correlation between property rights and economic freedom. It seeks to demonstrate that property rights lead to economic freedom. From a purely theoretical perspective, it has been assumed that greater access to property rights leads to economic freedom, consequently to sustainable economic growth. To establish this correlation in the case of Africa, we applied the use of statistical tools to substantiate the validity of our economic theory. We mainly used a simple linear regression to ascertain our hypothesis.

• Item Type: MPRA Paper
• Language: English
• Keywords: economic freedom, property rights, econometrics, macroeconomics, development economics, economic growth
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C12 - Hypothesis Testing: General; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C53 - Forecasting and Prediction Methods ; Simulation Methods; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence

References

1. Powell, Benjamin. “Private Property Rights, Economic Freedom, and Well Being.” Working Paper 19. (2002) pp.1-17. Mercatus Center, George Washington University. 2. Ibid. p. 1 3. Ibid. p. 1 4. Ibid. p. 1 5. 2020 Index of Economic Freedom, Heritage Foundation. (2020). Data. 6. Ibid. 7. Ibid. 8. Ibid. 9. Ibid. 10. International Property Rights Index. (2020). 11. Index of Economic Freedom, The Heritage Foundation. (2020). 12. Robinson, James, “Property Rights and African Poverty” Hoover Institution. (2010). Article. 13. Ibid. 14. Ibid, 15. Ibid.