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The Two Freedoms, Economic Growth and Development: An Empirical Study

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  • Wu, Wenbo
  • Davis, Otto A
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Abstract

Log-linear methods are applied to categorical data containing economic freedom, political freedom, the level of income, and the rate of economic growth for a panel of about 100 countries from 1975 to 1992. The main results are: given economic freedom, the rate of economic growth is independent of political freedom and the level of income; given the level of income, political freedom is independent of economic freedom and the growth rate. The analysis suggests the fundamental effects of economic freedom in fostering economic growth, and a high level of income as the condition of a high degree of political freedom. Copyright 1999 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 100 (1999)
Issue (Month): 1-2 (July)
Pages: 39-64
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:pubcho:v:100:y:1999:i:1-2:p:39-64

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Cited by:
  1. Gurgul, Henryk & Lach , Łukasz, 2012. "Political instability and economic growth: Evidence from two decades of transition in CEE," MPRA Paper 37792, University Library of Munich, Germany.
  2. CHU, Yun-Peng & KONG, Tuan-Yuen, 2009. "The Impact Of The Political Liberalization-Economic Freedom Nexus On Economic Growth, 1970-2000," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).
  3. repec:asi:aefrjj:2011:p:14-25 is not listed on IDEAS
  4. Berggren, Niclas, 2003. "The Benefits of Economic Freedom: A Survey," Ratio Working Papers 4, The Ratio Institute.
  5. 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.
  6. Uwe Sunde, 2006. "Wirtschaftliche Entwicklung und Demokratie - Ist Demokratie ein Wohlstandsmotor oder ein Wohlstandsprodukt?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(4), pages 471-499, November.
  7. Yongjing Zhang, 2012. "China’s evolution toward an authoritarian market economy—a predator–prey evolutionary model with intelligent design," Public Choice, Springer, vol. 151(1), pages 271-287, April.
  8. Khalid Mahmood & Toseef Azid, 2011. "Economic Freedom Verses Economic Growth: Cross Countries Analysis in the form of ARDL approch," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 1(1), pages 14-25, March.

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