Artikel
Impact of economic freedom on the growth rate: A panel data analysis
This study looks at some non-conventional determinants of economic growth, with the help of the newly developed economic freedom index datasets of the Heritage Foundation/Wall Street Journal(HF/WSJ), which is a cumulative index derived from several sub-indices (trade freedom index, financial freedom, labor freedom, business and fiscal freedom index). The cumulative economic freedom index show us how open and business friendly a country is. The sub-indices show us openness across different sector of the economy, for example, the financial sector or the trade sector etc. Traditional neo-classical economic theories have explained economic growth looking at the supply of labor, capital and state of technology, with little attention being paid to institutional factors. The study presents evidence based on two panel data-sets. The first set consists of 186 countries over the period 2013, 2014 and 2015 that show institutional factors play a crucial role in economic growth. A second data-set with data for 57 countries for the period 2004-2014 also show a positive impact on the index on the growth rate of per capita GDP.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Economies ; ISSN: 2227-7099 ; Volume: 4 ; Year: 2016 ; Issue: 2 ; Pages: 1-15 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
Macroeconomic Analyses of Economic Development
Technological Change: Government Policy
Institutions and Growth
- Thema
-
economic growth
freedom index
GDP
panel data
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hussain, Mohammed Ershad
Haque, Mahfuzul
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2016
- DOI
-
doi:10.3390/economies4020005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Hussain, Mohammed Ershad
- Haque, Mahfuzul
- MDPI
Entstanden
- 2016
Ähnliche Objekte (12)
The impact of economic freedom on economic growth? New European dynamic panel evidence
Total factor productivity growth of Vietnamese enterprises by sector and region: Evidence from panel data analysis
Structural panel VARs
The impact of financial development on economic growth in Nigeria: An ARDL analysis
Impact of investment in tourism infrastructure development on attracting international visitors: A nonlinear panel ARDL approach using Vietnam's data
The Impact of banking sector development on economic growth: The case of Vietnam's transitional economy
The relationship between export and growth: Panel data evidence from Turkish sectors
Empirical evidence regarding the impact of economic growth and inflation on economic sentiment and household consumption
Dynamic panel modeling of climate change
The impact of fiscal decentralization on accountability, economic freedom, and political and civil liberties in the Americas
The nexus between financial development and economic growth: Panel data evidence from developing countries
A panel study of factor accumulation and export quality
The impact of economic freedom on economic growth? New European dynamic panel evidence
Total factor productivity growth of Vietnamese enterprises by sector and region: Evidence from panel data analysis
Structural panel VARs
The impact of financial development on economic growth in Nigeria: An ARDL analysis
Impact of investment in tourism infrastructure development on attracting international visitors: A nonlinear panel ARDL approach using Vietnam's data
The Impact of banking sector development on economic growth: The case of Vietnam's transitional economy
The relationship between export and growth: Panel data evidence from Turkish sectors
Empirical evidence regarding the impact of economic growth and inflation on economic sentiment and household consumption
Dynamic panel modeling of climate change
The impact of fiscal decentralization on accountability, economic freedom, and political and civil liberties in the Americas
The nexus between financial development and economic growth: Panel data evidence from developing countries
A panel study of factor accumulation and export quality
The impact of economic freedom on economic growth? New European dynamic panel evidence
Total factor productivity growth of Vietnamese enterprises by sector and region: Evidence from panel data analysis
Structural panel VARs
The impact of financial development on economic growth in Nigeria: An ARDL analysis
Impact of investment in tourism infrastructure development on attracting international visitors: A nonlinear panel ARDL approach using Vietnam's data
The Impact of banking sector development on economic growth: The case of Vietnam's transitional economy
The relationship between export and growth: Panel data evidence from Turkish sectors
Empirical evidence regarding the impact of economic growth and inflation on economic sentiment and household consumption
Dynamic panel modeling of climate change
The impact of fiscal decentralization on accountability, economic freedom, and political and civil liberties in the Americas
The nexus between financial development and economic growth: Panel data evidence from developing countries