The Path of Liberalization and Economic Growth
Abstract
Empirical research has shown that both more economic freedom and a higher stability of policy variables are supportive for economic growth. Thus, the path of policy liberalization may have a considerable influence on a nation's growth performance. Using the Fraser-index of economic freedom, this article shows empirically that policy volatility proves to be growth depressing, even if the state liberalizes the economy in the long-run. Growth is significantly higher if liberalization occurs on a smoother path. Copyright 2002 by WWZ and Helbing & Lichtenhahn Verlag AGDownload Info
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Bibliographic Info
Article provided by Wiley Blackwell in its journal Kyklos.
Volume (Year): 55 (2002)
Issue (Month): 1 ()
Pages: 57-79
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Handle: RePEc:bla:kyklos:v:55:y:2002:i:1:p:57-79
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Jakob De Haan & Susanna Lundström & Jan-Egbert Sturm, 2006.
"Market-oriented institutions and policies and economic growth: A critical survey,"
Journal of Economic Surveys,
Wiley Blackwell, vol. 20(2), pages 157-191, 04.
- Jakob de Haan & Susanna Lundstroem & Jan-Egbert Sturm, 2005. "Market oriented institutions and policies and economic growth: A critical survey," TWI Research Paper Series 5, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
- Tobias Knedlik & Franz Kronthaler, 2006.
"Forced to Freedom? Empirical Relations between Aid and Economic Freedom,"
IWH Discussion Papers
8, Halle Institute for Economic Research.
- Kronthaler, Franz & Knedlik, Tobias, 2007. "Forced to Freedom? Empirical relations between aid and economic freedom," Proceedings of the German Development Economics Conference, Göttingen 2007 19, Verein für Socialpolitik, Research Committee Development Economics.
- I Kadek Dian Sutrisna Artha & Jakob de Haan, 2011.
"Labor Market Flexibility and the Impact of the Financial Crisis,"
Kyklos,
Wiley Blackwell, vol. 64(2), pages 213-230, 05.
- I Kadek Dian Sutrisna Artha & Jakob de Haan, 2011. "Labor Market Flexibility and the Impact of the Financial Crisis," DNB Working Papers 280, Netherlands Central Bank, Research Department.
- Vatcharin Sirimaneetham, 2006. "Explaining policy volatility in developing countries," Bristol Economics Discussion Papers 06/583, Department of Economics, University of Bristol, UK.
- Berggren, Niclas, 2003. "The Benefits of Economic Freedom: A Survey," Ratio Working Papers 4, The Ratio Institute.
- José Aixalá & Gema Fabro, 2009. "Economic freedom, civil liberties, political rights and growth: a causality analysis," Spanish Economic Review, Springer, vol. 11(3), pages 165-178, September.
- John W. Dawson, 2003. "Regulation, Investment, and Growth Across Countries," Working Papers 03-10, Department of Economics, Appalachian State University, revised 2006.
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