The role of religion and political regime for human capital and economic development

In this paper, we focus on the research of the impact of religion and political regime on human capital and economic development. There is a lot of incentive literature concerning the impact of political regime and religion on the economic development. However, we use different approach to show the mutual dependence of variables and offer another aspect of economic development relating to religion which is secularization and the principle of equal rights. We use three equation model to verify two hypotheses in our paper. The first, that differences in GDP per capita among countries determined by technological progress are influenced by religion and political regime. The second, that there is the interplay between GDP and educational level and education and political regime.