The Impact of Political Institutions on Human Development: An Empirical Analysis

Germinal Van ()

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this paper is to investigate the relationship between political institutions and human development. How do political institutions affect human development in civil societies? This paper argues that political institutions play a fundamental role in the process of human development. This paper hypothesized that political institutions play a positive role in human development and the quality of life of people in general because the role of political institutions is to establish a legal framework designed to protect the rights and liberties of individuals in a civil society. The more effective are political institutions, the better quality of life of people improves. After testing our hypothesis, the empirical results confirmed that our theory is supported by the data. We found the relationship between political institutions and human development to be statistically very significant with a positive correlation of moderate magnitude. Hence, we conclude that political institutions do exert a positive impact on human development, but this impact is only moderately effective.

Keywords: Econometrics; Multiple Regression; Regression Analysis; Quantitative Economics; Development Economics; Political Science (search for similar items in EconPapers)
JEL-codes: C10 C50 H11 O10 P1 (search for similar items in EconPapers)
Date: 2022-05-15
New Economics Papers: this item is included in nep-pol
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:113103

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