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The Relationship Between Rule of Law Level and Economic Growth

In: Economic Recovery, Consolidation, and Sustainable Growth

Author

Listed:
  • Arton Hajdari

    (South East European University)

  • Shenaj Hadzimustafa

    (South East European University)

Abstract

Historically economic growth has been a crucial macroeconomic objective for countries all over the world. Nonetheless, for the well-being of society, a sustainable and functional rule of law is another objective which is non-economic but still might be related to the economy. Therefore, as the title suggests, this paper aims to examine the relationship between the rule of law level and economic growth in 107 countries with different levels of economic growth and a variety quality of rule of law. The study, using a quantitative scientific approach, respectively econometric analysis, finds ought that there is a statistically significant relationship between the rule of law level and economic growth in such countries.

Suggested Citation

  • Arton Hajdari & Shenaj Hadzimustafa, 2023. "The Relationship Between Rule of Law Level and Economic Growth," Springer Proceedings in Business and Economics, in: Abdylmenaf Bexheti & Hyrije Abazi-Alili & Léo-Paul Dana & Veland Ramadani & Andrea Caputo (ed.), Economic Recovery, Consolidation, and Sustainable Growth, pages 179-189, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-42511-0_11
    DOI: 10.1007/978-3-031-42511-0_11
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