The Components of the International Property Rights Index that Matter for Economic Growth

Arton Hajdari, Nexhat Shkodra and Xhevat Sopi

World Economics, 2024, vol. 25, issue 4, 39-54

Abstract: The International Property Rights Index (IPRI) is considered a credible source of information for the public and policymakers, focusing on its components' impact on economic growth. The study analysed the GDP per capita of 13 EU countries over 13 years (2009–2021) to assess the significance of IPRI components on economic growth. The research utilized correlation and regression analyses, particularly the Hausman-Taylor method, to evaluate the relationship between IPRI components and economic growth. The study found a positive correlation between IPRI and GDP per capita, highlighting the crucial role of IPRI components in driving economic growth.

Date: 2024
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