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The Role Of The Level Of Development, Geographical Factors, And Culture For The Efficacy Of Economic Freedom

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  • Malgorzata Zielenkiewicz

    () (University of Gdansk)

Abstract

There are many studies focused on the role of economic freedom in creating conditions supportive for economic growth. Most of the recommendations in this area are based on the observations of the highly developed countries. But is it reasonable to generalize these findings to other countries, independently from their conditions? Contemporarily, the number of the research conducted for the countries outside the world's forefront is growing. Results are varied – some elements of economic freedom seem to be effective unconditionally, some of them bring different results. The aim of the paper is to examine the role of such factors as a stage of economic development, geographical location, and culture in the context of the efficacy of economic freedom. The study was conducted with usage of regression models for panel data and based on the indicators connected with economic freedom and economic growth.

Suggested Citation

  • Malgorzata Zielenkiewicz, 2015. "The Role Of The Level Of Development, Geographical Factors, And Culture For The Efficacy Of Economic Freedom," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 10(4), pages 85-98, December.
  • Handle: RePEc:pes:ierequ:v:10:y:2015:i:4:p:85-98
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    File URL: http://dx.doi.org/10.12775/EQUIL.2015.036
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    References listed on IDEAS

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    1. Dawson, John W., 2003. "Causality in the freedom-growth relationship," European Journal of Political Economy, Elsevier, vol. 19(3), pages 479-495, September.
    2. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, June.
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    More about this item

    Keywords

    economic freedom; institutions; economic development; geopolitics; culture;

    JEL classification:

    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • P50 - Economic Systems - - Comparative Economic Systems - - - General
    • P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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