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Degree of Economic Freedom and Relationship to Economic Growth and Human Development

Author

Listed:
  • Chodak, Grzegorz
  • Kowal, Krzysztof

Abstract

Presented in this article is an analysis of the relationship between the Index of Economic Freedom and indices of economic growth, i.e. GDP per capita and the Human Development Index. The McPherson coefficient of correlation was calculated from several different perspectives. Described in the final part of the article is the testing of the hypotheses, while a short commentary on the results obtained is also presented.

Suggested Citation

  • Chodak, Grzegorz & Kowal, Krzysztof, 2011. "Degree of Economic Freedom and Relationship to Economic Growth and Human Development," MPRA Paper 36712, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:36712
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    File URL: https://mpra.ub.uni-muenchen.de/36712/1/MPRA_paper_36712.pdf
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    Citations

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    Cited by:

    1. Tsai-Yuan Huang & Po-Chin Wu & Shiao-Yen Liu, 2017. "Defense–Growth Causality: Considerations of Regime-Switching and Time- and Country-Varying Effects," Defence and Peace Economics, Taylor & Francis Journals, vol. 28(5), pages 568-584, September.
    2. Omrani, Hashem & Fahimi, Pegah & Mahmoodi, Abdollah, 2020. "A data envelopment analysis game theory approach for constructing composite indicator: An application to find out development degree of cities in West Azarbaijan province of Iran," Socio-Economic Planning Sciences, Elsevier, vol. 69(C).

    More about this item

    Keywords

    liberalism; economic growth; index of economic freedom;
    All these keywords.

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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