Abstract
Most analysts assume that economic rights (especially to property and to contracts) help foster economic development, but the relationship is rarely studied empirically. Using three recently developed indexes of economic freedom, this article explores this issue for the mid-1980s to the mid-1990s. It finds that developing countries that score better in protecting economic rights also tend to grow, faster and to score higher in human development. In addition, economic rights are associated with democratic government and with higher levels of average national income.
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Arthur A. Goldsmith is professor of management at the University of Massachusetts, Boston. During the 1998 academic year he is a Visiting Scholar at the Harvard Institute for International Development. Professor Goldsmith has published widely on global economic and management issues, and has consulted for several international development agencies. His most recent articles have appeared inInternational Review of Administrative Sciences, World Development, Journal of Development Studies, andDevelopment and Change. Professor Goldsmith's latest bookBusiness, Government, Society: The Global Political Economy was published in 1996.
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Goldsmith, A.A. Economic rights and government in developing countries: Cross-national evidence on growth and development. St Comp Int Dev 32, 29–44 (1997). https://doi.org/10.1007/BF02687323
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DOI: https://doi.org/10.1007/BF02687323