ECONOMIC FREEDOM, INFLATION RATE AND THEIR IMPACT ON ECONOMIC GROWTH: A PANEL DATA ANALYSIS

被引：0
|
作者：
Kilic, Cuneyt [1 ]
Arica, Feyza [1 ]
机构：
[1] Canakkale Onsekiz Mart Univ, Biga Fac Econ & Adm Sci, Dept Econ, Canakkale, Turkey
来源：
ROMANIAN JOURNAL OF ECONOMIC FORECASTING | 2014年 / 17卷 / 01期
关键词：
panel data analysis; inflation; economic freedom; economic growth; POLICY;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The relationship between economic freedom and economic growth has always been discussed and investigated in the economic literature. This study investigates both the relationship among economic freedom, inflation rate, economic growth and, separately, economic freedom indices, inflation rate and economic growth in 23 upper-middle income countries during 1995-2010. Pooled Least Squares and Two-way Panel Least Squares methods are used to estimate two different models. According to the results of these tests, economic freedom has a significantly positive effect, while inflation rate has a significantly negative effect on economic growth. When the components of economic freedom are examined separately, it was found that the coefficient of some components of economic freedom, such as government size index and business freedom index, were not significant variables. All other components of economic freedom are significantly related to economic growth.
引用
收藏
页码：160 / 176
页数：17
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