Does Economic Freedom impact Economic growth: Decomposing the Effects for Bosnia and Herzegovina
Journal Title: Acta Economica - Year 2014, Vol 12, Issue 21
Abstract
In this paper we will present the results of our survey on Economic Freedom, and impact of its individual categories on economic growth in the Bosnia and Herzegovina. To measure economic freedom we will use The Index of Economic Freedom published by the Heritage Foundation in cooperation with the Wall Street Journal. We find that economic freedom have a positive impact on GDP growth. Our result also indicates that individual categories of the Economic Freedom have a different impact on GDP growth.
Authors and Affiliations
Zoran Borovic
Globalization, an Ongoing Cycle of the World’s Socioeconomic Convergence and Divergence?
Globalization is one of the most hotly debated and discussed topics of our time; it is the most influential force in the world today. Among the wider subject of globalization is a plethora of related and interconnected s...
CAPM MODEL – APLICATION IN CAPITAL MARKET OF REPUBLIC OF SRPSKA
The CAPM model was introduced by Jack Treynor, William Sharpe, John Lintner and Jan Mossin independently, building on the earlier work of Harry Markowitz on diversification and modern portfolio theory. The Capital Asset...
Debts – source of financial and economic instability in the world
Uncertainty in international financial and currency markets has become common, while the only countries spared from the crisis are those that have been isolated from the rest of the world for many years. These countries...
ENTREPRENEURSHIP, BUSINESS DECISIONS AND ACCOUNTING ANALYSIS
Many researchers see the key factor to entrepreneurial success being the comannd over critical information. Entrepreneurs are individuals who have the ability to identify and evaluate development opportunities; the ab...
NET CASH FROM THE BUSINESS ACTIVITY – THE INSTRUMENT FOR MEASURING THE QUALITY OF BUSINESS GAIN
Introducing of the fair value have led to acknowledging and presentation in the income statement of the gains that were not market-verified, which have resulted in increased difference between the amount of the business...