Document Type : ORIGINAL ARTICLE
Authors
Abstract
Political stability and democracy, is an important characteristic of a developed political system. In fact a developed political system, with a democracy pattern, has a coordination relationship in other developed sections especially in human and economical issues.
In these countries the government provide the basis to develop other sectors by economic freedom.
This study describs economic freedom, political freedom and human development by using the simultaneous equations model investigates the effect of economic freedom, political freedom and human development on each other in selected Islamic countries.
This model is estimated in selected countries by panel data approach between the years 2001-2010.
Results show a signicant positive effect of human development on economic and political freedom. In addition economic freedom and human development have a direct effect on each other. More over political freedom doesn’t have any effect on human development. Finally, there is an adverse effect between economic and political freedom.
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