The political economy of development: An empirical analysis of the effects of the institutional framework on economic development

@article{Mbaku1994ThePE,
  title={The political economy of development: An empirical analysis of the effects of the institutional framework on economic development},
  author={John Mukum Mbaku},
  journal={Studies in Comparative International Development},
  year={1994},
  volume={29},
  pages={3-21}
}
Researchers suggest that societies characterized by high levels of political freedom are expected to exhibit significantly higher rates of economic growth than those in which civil liberties and political rights are abridged. In the present study, four sets of national-level data and panel regression analysis are used to examine the relationship between the institutional framework and various measures of economic development. While the results from the full sample support the hypothesis that… CONTINUE READING
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