Economic Freedom Verses Economic Growth: Cross Countries Analysis in the form of ARDL Approach

Economic Freedom Verses Economic Growth: Cross Countries Analysis in the form of ARDL Approach

Journal

  • Journal title: Asian Economic and Financial Review
  • ISSN: 2305-2147 (print) 2222-6737 (online)
  • Publisher: Aess
  • Country of publisher: pakistan
  • Date added to EuroPub: 2017/May/11

Subject and more

  • LCC Subject Category: Finance and Financial Services, Economics
  • Publisher's keywords: Economic Freedom, Economic Growth, Causation, ARDL
  • Language of fulltext: english
  • Full-text formats available: PDF

AUTHORS

    Khalid Mahmood| Ph.D student department of Economics, Bahauddin Zakariya University Multan Pakistan, Toseef Azid| Professor of Economics, Faculty of Financial and Administrative Sciences Taibah University Madinah, Saudi Arabia.

EDITORIAL INFORMATION

FULL TEXT

ABSTRACT

The generous theoretical and empirical debates are available on institutionalfreedom and economic growth, but unsuccessful to facilitate stationaryconclusion regarding the nature of connection. It is still confusing that eithereconomic freedom cause economic growth or economic growth widens thefoundation for economic freedom. The finale will be more puzzled if the analysisbased on different kinds of economies. The aim of this study is to probe thenature of relationships between economic freedom and economic growth indifferent kinds of economies. For statistical evidence autoregressive distributedlag (ARDL) approach is employed by using the data of 96 countries [HighIncome (29), Upper Middle Income (18), Lower Middle Income (26) and LowerIncome (23)]. The empirical results indicate bilateral and robust relationshipsbetween economic freedom and economic growth in high income and lowermiddle income countries, while in upper middle income and low incomecountries, economic freedom causes economic growth in unilateral connection.

About Europub

EuroPub is a comprehensive, multipurpose database covering scholarly literature, with indexed records from active, authoritative journals, and indexes articles from journals all over the world. The result is an exhaustive database that assists research in every field. Easy access to a vast database at one place, reduces searching and data reviewing time considerably and helps authors in preparing new articles to a great extent. EuroPub aims at increasing the visibility of open access scholarly journals, thereby promoting their increased usage and impact.