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Further Evidence on the Relationship between Economic Freedom and Economic Growth

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  • de Haan, Jakob
  • Siermann, Clemens L J

Abstract

Often it is maintained that economic freedom may further high levels of economic growth. Using various measures of economic freedom constructed by G. W. Scully and D. J. Slottje (1991), the robustness of this relationship is examined. Both direct and indirect effects of lack of liberties are analyzed. The authors' main conclusion is that the link between economic freedom and economic growth depends upon the measure used: for some indicators of economic freedom there appears a robust direct relationship, while for others there is no such relationship. Investment is not related to the authors' indicators for economic freedom. Copyright 1998 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 95 (1998)
Issue (Month): 3-4 (June)
Pages: 363-80
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:95:y:1998:i:3-4:p:363-80

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Cited by:
  1. Jac C. Heckelman, 2000. "Economic Freedom and Economic Growth: A Short-run Causal Investigation," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 71-91, May.
  2. Ossama Mikhail, 2004. "Economic Freedom and The Business Cycle: The Egyptian Experience," Macroeconomics 0402002, EconWPA.
  3. 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.
  4. Hugo Faria & Hugo Montesinos, 2009. "Does economic freedom cause prosperity? An IV approach," Public Choice, Springer, vol. 141(1), pages 103-127, October.
  5. Boockmann, Bernhard & Dreher, Axel, 2002. "The Contribution of the IMF and the World Bank to Economic Freedom," ZEW Discussion Papers 02-18, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  6. Gurgul, Henryk & Lach, Łukasz, 2011. "The nexus between economic freedom and growth: Evidence from CEE countries in transition," MPRA Paper 37413, University Library of Munich, Germany.

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