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Property Rights and Economic Freedom

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  • Germinal G. Van

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 a 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.

Suggested Citation

  • Germinal G. Van, 2021. "Property Rights and Economic Freedom," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 64(2), pages 24-39.
    • Handle: RePEc:eei:journl:v:64:y:2021:i:2:p:24-39
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    Keywords

    Economic freedom; property rights; econometrics; macroeconomics; development economics; economic growth;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • N27 - Economic History - - Financial Markets and Institutions - - - Africa; Oceania

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