This paper examines the relative impact of economic freedom, civil liberties, and political rights on growth. A system of three simultaneous equations is used to unearth the channels through which these institutional dimensions affect economic growth. These include greater efficiency and...

In the specific literature, religious diversity has received important attention. The present study contributes to the literature of economics of religion by examining the impact of religious freedom and other specific variables of freedom (like economic freedom, political freedom and civil...

The main purpose of this paper is to identify the relationship between democracy, investment and economic growth for a sample of 11 countries from the MENA region during the period 2000-2009, by using a dynamic panel data model. The democracy’ effect on the contribution of investment to...

Scholars have long attempted to make distinctions among states based on regime type. Two of the most commonly used measures by both scholars and policymakers are the Freedom House Freedom in the World political rights and civil liberties measures. Despite their popularity, little is known about...

A number of existing studies have examined the theoretical link between financial development and economic growth. Kose et al. (2010), among others, have argued that financial development can affect the extent of the benefits from foreign direct investment. Other studies, such as Huang (2010)...

Much recent political economy and political science literature views democracy in terms of political rights. This view, often referred to as electoral democracy, is particularly pronounced in the empirical literature. We reincorporate the role of civil liberties, which are at the core of modern...