IDEAS home Printed from https://ideas.repec.org/a/ris/betajl/0012.html
   My bibliography  Save this article

The Relationship Between Economic Freedom with Economic Growth and Development in Emerging Market Economies: A Panel Data Analysis

Author

Listed:
  • Sucu, Muhammet Buğra

    (Gazi University)

Abstract

This study discussed on correlation between economic freedom and different types of economic indicators. The impact of economic freedom on economic growth and development were examined in the application part of the study. In order to analyze the effects of economic freedoms on economic growth and development, the five main components of the Fraser Institute’s Economic Freedom of the World 2015 Annual Report were taken as independent variables. These five main components are size of government, legal structure and property rights, sound money, freedom to trade internationally and regulation. The rate of change in per capita real income level as an indicator of economic growth has been determined. As a development indicator, the share of high technology products in the exports of manufacturing industry products has been taken. Using panel data analysis, nine emerging market economies were examined for the period 2000-2013. The results of the analysis show that; reducing the size of government, strengthening the legal structure and property rights, and maintaining a stable monetary policy (enhancing the access to the sound money) is a positive effect on economic growth. According to the results; reducing the size of government, strengthening the legal structure and property rights and a stable monetary policy is a positive effect on economic growth. At the same time legal structure and property rights, liberalization of international trade and reducing regulation is a positive effect on exports of high-tech products.

Suggested Citation

  • Sucu, Muhammet Buğra, 2017. "The Relationship Between Economic Freedom with Economic Growth and Development in Emerging Market Economies: A Panel Data Analysis," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 2(2), pages 135-167, June.
    • Handle: RePEc:ris:betajl:0012
    as

    Download full text from publisher

    File URL: http://dergipark.gov.tr/download/article-file/323369
    File Function: Full text
    Download Restriction: betajournals@gmail.com
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kevser Tüter Şahinoğlu & Selay Giray Yakut, 2019. "An Evulation on Effect of Freedoms on Economic Performance with Structural Equation Modeling," EKOIST Journal of Econometrics and Statistics, Istanbul University, Faculty of Economics, vol. 30(0), pages 1-20, June.

    More about this item

    Keywords

    Economic Freedom; Economic Growth; Economic Development;
    All these keywords.

    JEL classification:

    • P47 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Performance and Prospects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:betajl:0012. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Erginbay Ugurlu (email available below). General contact details of provider: https://dergipark.org.tr/beta .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.