Relationship between economic freedom and inclusive growth: a dynamic panel analysis for sub-Saharan African countries

被引：10
|
作者：
Kouton, Jeffrey [1 ]
机构：
[1] Ecole Natl Super Stat & Econ Appl ENSEA, Abidjan, Cote Ivoire
来源：
JOURNAL OF SOCIAL AND ECONOMIC DEVELOPMENT | 2019年 / 21卷 / 01期
关键词：
Economic freedom; Inclusive growth; Dynamic panel data analysis; DEMOCRACY; OUTLIERS; INCOME;
D O I：
10.1007/s40847-019-00076-y
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：
Recent debates in economic development emphasize the importance of economic freedom and inclusive growth, particularly in developing countries. The aim of this study is to analyze the relationship between economic freedom and inclusive growth in thirty sub-Saharan African countries during the period 1996-2016. We use, for that purpose, the system GMM estimation and a panel causality test in a dynamic framework. Inclusive growth is measured by the GDP per person employed in Purchasing Power Parity, and the Heritage Foundation Economic Freedom Index is used to measure economic freedom. After taking into account cross-sectional dependence, the results suggest a positive and significant effect of the level of economic freedom and of the changes in the level of economic freedom on inclusive growth. Evidence is provided for a causal relationship from economic freedom to inclusive growth but not the other way.
引用
收藏
页码：143 / 165
页数：23
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