Examining the relationship between institutional quality, intellectual property rights and human capital with economic growth (case study of G7 countries)

This research is designed and carried out to investigate the relationship between institutional quality, intellectual property rights and human capital with economic growth (case study of G7 countries). In this research, he studied the economic growth in the form of new theories of growth centered on institutional factors, and in addition to analyzing economic variables; Institutional variables in its two forms (economic institutions,property rights and political) were added to the model.Economic institutional variables are identified with the index of economic freedom and political institutions with the general title of rulers, which is based on six indicators of governance, of course, the index of democracy is The title of the political institutional variable was evaluated separately due to the different data source and the relative breadth of the discussion. The results obtained from the estimates made in this research indicate the important role of institutions in the economic performance of countries and the relevant coefficients show that good governance or in fact the institutions through which power is exercised in a country has positive effects on have economic growth and the coefficient related to the index of economic freedom and property rights as a positive economic institution is effective on economic growth among G7 countries.But in relation to the democracy index, as previous studies have shown,the effect of democracy on growth is ambiguous, but a relatively acceptable approach that can be relied on in this case is the indirect effect of democracy on growth through channels such as improving human capital