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An empirical analysis of economic freedom-GDP growth relationship

Author

Listed:
  • Mihaela-Daciana Bolos

    (Universitatea Petru Maior, Nicolae Iorga, Tg Mures, Romania)

  • Bradut-Vasile Bolos

    (Universitatea Petru Maior, Nicolae Iorga, Tg Mures, Romania)

Abstract

We analyze the strenght of the relationship between economic freedom, measured using Economic Freedom Index and economic growth, measured using GDP growthover a 12 years time frame in three countryes. The relationship between the two variables is measured using correlation.The study results suggest the relationship is very weak, witch does not comply to previous research results.

Suggested Citation

  • Mihaela-Daciana Bolos & Bradut-Vasile Bolos, 2015. "An empirical analysis of economic freedom-GDP growth relationship," STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, Petru Maior University, Faculty of Economics Law and Administrative Sciences, vol. 1, pages 41-56, December.
    • Handle: RePEc:pmu:oecono:v:1:y:2015:p:41-56
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    More about this item

    Keywords

    Economic freedom; economic growth; economic policyes;
    All these keywords.

    JEL classification:

    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation
    • A1 - General Economics and Teaching - - General Economics

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