development in its different stages. Firstly, we identify the three development stages that prevailed in the world between 1996 … and 2011 according to the income classification of the World Bank corroborated with data from the UNDP Human Development … the success cases. The results identified economic freedom as the most important institution in all development stages …

There is a growing literature studying the effects of economic freedom and democracy on income inequality; nevertheless … democracy is estimated. The findings demonstrate that economic freedom has positive effect on income inequality. The estimated …-economic freedom nexus and uncovers the role of political regime in explaining the relationship. Using the latest inequality data from …