The Impact of the Rule of Law and Property Rights On Economic Output in Africa: An Empirical Analysis of the Correlation between the Rule of Law, Property Rights, and Economic Output

Van, Germinal (2020): The Impact of the Rule of Law and Property Rights On Economic Output in Africa: An Empirical Analysis of the Correlation between the Rule of Law, Property Rights, and Economic Output.

Abstract

The purpose of this paper is to analyze the impact that the rule of law and property rights exert on the economic output of Africa. In this paper, we seek to demonstrate that economic output occurs steadily and sustainably when the rule of law and access to property rights are highly valued and ensconced. The objective of our analysis is thus to establish a positive correlation in which the rule of law and property rights do contribute to the augmentation of the economic output of a country, especially that of African countries. To validate our hypothesis, we aim to test our postulations with raw empirical data by running a multiple regression model.

• Item Type: MPRA Paper
• Language: English
• Keywords: Econometrics, Macroeconomics, Economic Growth, Mathematical Modeling, Quantitative Analysis, Economic Development
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General; 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 > C50 - General; E - Macroeconomics and Monetary Economics > E0 - General > E01 - Measurement and Data on National Income and Product Accounts and Wealth ; Environmental Accounts; F - International Economics > F6 - Economic Impacts of Globalization > F62 - Macroeconomic Impacts; 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

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