The Relationship Between Rule of Law Level and Economic Growth

Arton Hajdari and Shenaj Hadzimustafa ()
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Shenaj Hadzimustafa: South East European University

A chapter in Economic Recovery, Consolidation, and Sustainable Growth, 2023, pp 179-189 from Springer

Abstract: Abstract Historically economic growth has been a crucial macroeconomic objective for countries all over the world. Nonetheless, for the well-being of society, a sustainable and functional rule of law is another objective which is non-economic but still might be related to the economy. Therefore, as the title suggests, this paper aims to examine the relationship between the rule of law level and economic growth in 107 countries with different levels of economic growth and a variety quality of rule of law. The study, using a quantitative scientific approach, respectively econometric analysis, finds ought that there is a statistically significant relationship between the rule of law level and economic growth in such countries.

Keywords: Economic growth; Rule of law; Relationship (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-42511-0_11

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DOI: 10.1007/978-3-031-42511-0_11

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