THE IMPACT OF ECONOMIC FREEDOM UPON ECONOMIC GROWTH: AN APPLICATION ON DIFFERENT INCOME GROUPS
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 8
Abstract
The objective of the study is to investigate the relationship between economic growth and economic freedom for different income groups. Therefore, the data were collected from 94 different countries belonging to five different income groups in order to cover the period from 2000 to 2010. In the study, relationship between the economic growth of the country and the level of freedom index which Fraser Institute measured and its sub-components constituting was questioned through the panel data analysis method. As a result of the analyses, it was found that there is a statistically significant positive relationship between the level of economic freedom for all income groups and economic growth. With the inclusion of sub-components of freedom index into the model, the effects of such sub-components vary depending on the income groups.
Authors and Affiliations
Cemil Serhat AKIN| Mustafa Kemal University, FEAS, Department of Economics, Cengiz AYTUN| Çukurova University, Kozan Vocational School, Department of Finance-Banking and Insurance, Başak Gül AKTAKAS| Kozan Faculty of Administration Science
Keywords
Related Articles
- EP ID EP2062
- DOI -
- Views 447
- Downloads 23
DOES MONETARY POLICY INFLUENCE ECONOMIC GROWTH IN NIGERIA?
This study examines the impact of monetary policy on economic growth in Nigeria.The study uses time-series data covering the range of 1975 to 2010.The effects of stochastic shocks of each of the endogenous variables are...
DECISION USEFULNESS APPROACH TO FINANCIAL REPORTING: A CASE FOR MALAYSIAN INLAND REVENUE BOARD
This paper aims at determining whether or not financial reporting of companies in Malaysia provides useful information to Inland Revenue Board for income tax determination. The respondents in this study were staff of the...
EXPLORING THE PERSPECTIVES OF CORPORATE GOVERNANCE AND THEORIES ON SUSTAINABILITY RISK MANAGEMENT (SRM)
The motivation of this paper stems from the importance of observing good corporate governance by means of SRM approach to create sustainable value for corporate survival. This study explores the perspectives of corporate...
HOW IS THE RISK TOLERANCE OF INDIVIDUAL INVESTORS IN KYRGYZSTAN?
Investment and saving behaviour of individuals are important issues in the economies. Risk tolerance of investors affects the investment decisions. In Kyrgyzstan, a transition economy, while the investment resources are...
Earnings Management, Board Independence And Audit Fees Considering The Firm's Profitability Level
This study investigates the relation between earnings management, board independence and audit fees considering the firm's profitability level. Two main hypotheses have been designed by theoretical framework, and have be...