Institutions, Democracy and Growth:A Long Run Analysis

Abstract

In this paper, based on our past research, we have set ourselves the goal of testing the following hypothesis: the fundamental precondition for the due protection of private property is personal immunity in the broad sense, i.e. guarantees of rights such as the protection of life, personal freedoms and the inviolability of private property, including the requisite institutions for the enforcement of the same, often conceived of in political terms.Property Rights, Democracy