The Impact of the Rule of Law and Property Rights On Economic Output in Africa: An Empirical Analysis of the Correlation between the Rule of Law, Property Rights, and Economic Output

The purpose of this paper is to analyze the impact that the rule of law and property rights exert on the economic output of Africa. In this paper, we seek to demonstrate that economic output occurs steadily and sustainably when the rule of law and access to property rights are highly valued and ensconced. The objective of our analysis is thus to establish a positive correlation in which the rule of law and property rights do contribute to the augmentation of the economic output of a country, especially that of African countries. To validate our hypothesis, we aim to test our postulations with raw empirical data by running a multiple regression model.