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A study on the impact of economic freedom on economic growth in ASEAN countries

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  • Tran, Dung Viet

Abstract

We examine the impact of economic freedom on economic growth using data of ASEAN countries over the period of 2000-2017. To capture the characteristics of ASEAN liberalization purposes, we use different proxies documented in prior literature such as trade freedom, labor freedom and financial freedom as proxies of economic freedom. We document that higher economic freedom and higher labor freedom lead to higher economic growth. However, more trade freedom appears to inhibit economic growth in ASEAN countries. We find no significant relationship between financial freedom and economic growth. These findings survive robustness tests

Suggested Citation

  • Tran, Dung Viet, 2019. "A study on the impact of economic freedom on economic growth in ASEAN countries," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 15(3).
    • Handle: RePEc:ags:pdcbeh:301155
    DOI: 10.22004/ag.econ.301155
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    File URL: https://ageconsearch.umn.edu/record/301155/files/201910101737_24_BEH_2019_Vol15_Issue3_Vol15_Issue3_DV-Tran_Study_economic_freedom_ASEAN_423-449.pdf
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    Cited by:

    1. Sangwon Lee & Soomin Joo & Jinyoung Park & Yoonjae Nam, 2022. "ICT Infrastructure, OTT Market Growth, Economic Freedom, and International Tourism: A Cross-Country Empirical Study," Sustainability, MDPI, vol. 14(19), pages 1-12, September.
    2. Gamze Sart & Yilmaz Bayar & Marina Danilina & Funda Hatice Sezgin, 2022. "Economic Freedom, Education and CO 2 Emissions: A Causality Analysis for EU Member States," IJERPH, MDPI, vol. 19(13), pages 1-14, June.
    3. Kahuina Miller & Tetsuro Hyodo, 2022. "Assessment of port efficiency within Latin America," Journal of Shipping and Trade, Springer, vol. 7(1), pages 1-27, December.
    4. Johan, Sofia & Sakariyahu, Rilwan & Lawal, Rodiat & Paterson, Audrey & Ajide, Folorunsho M., 2023. "Does energy poverty moderate the impact of economic freedom on the quality of life in Africa? A panel quantile via moment approach," Finance Research Letters, Elsevier, vol. 58(PC).

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    Keywords

    International Development;

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