Economic Freedom and Productivity Growth in Resource-rich Economies

被引：117

作者：

Farhadi, Minoo ^{[1
]}

Islam, Md Rabiul ^{[2
]}

Moslehi, Solmaz ^{[1
]}

机构：

[1] Monash Univ, Clayton, Vic 3800, Australia

[2] Deakin Univ, Geelong, Vic 3217, Australia

来源：

WORLD DEVELOPMENT | 2015年 / 72卷

关键词：

natural resources; economic freedom; productivity growth; NATURAL-RESOURCES; POLITICAL-ECONOMY; DYNAMIC-MODELS; RENT-SEEKING; PANEL-DATA; CURSE; INSTITUTIONS; COUNTRIES; EFFICIENCY; IMPACT;

D O I：

10.1016/j.worlddev.2015.02.014

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

The focus of this paper is to test whether free market institutions that protect property rights and support freedom of choice and voluntary exchange can change the curse of natural resources into a blessing. To examine the above question, this paper uses the Fraser Institute's economic freedom index and its five sub-indices, namely government size, property rights, access to sound money, freedom to trade, and setting proper regulations. Using data from 99 sample countries over the period 1970-2010, the system GMM estimates suggest that the negative growth effects of resource rents may turn positive in countries with greater economic freedom. (C) 2015 Elsevier Ltd. All rights reserved.

引用

页码：109 / 126

页数：18

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