The Two Freedoms, Economic Growth and Development: An Empirical Study

The Two Freedoms, Economic Growth and Development: An Empirical Study

Log-linear methods are applied to categorical data containing economic freedom, political freedom, the level of income, and the rate of economic growth for a panel of about 100 countries from 1975 to 1992. The main results are: given economic freedom, the rate of economic growth is independent of po...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Public choice 1999-07, Vol.100 (1/2), p.39-64
Hauptverfasser: Wu, Wenbo, Davis, Otto A.
Format: Artikel
Sprache:eng
Schlagworte:
Causality
Civil liberties
Contingency tables
Datasets
Degrees of freedom
Development
Economic development
Economic freedom
Economic Growth
Economic growth models
Economic growth rate
Economic models
Economic theory
Economics
Free markets
Freedom
Freedoms
Growth rates
Hypotheses
Income
Income level
Linear models
Personal income
Political freedom
Politics
Social research
Studies
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Log-linear methods are applied to categorical data containing economic freedom, political freedom, the level of income, and the rate of economic growth for a panel of about 100 countries from 1975 to 1992. The main results are: given economic freedom, the rate of economic growth is independent of political freedom and the level of income; given the level of income, political freedom is independent of economic freedom and the growth rate. The analysis suggests the fundamental effects of economic freedom in fostering economic growth, and a high level of income as the condition of a high degree of political freedom.
ISSN:0048-5829
1573-7101
DOI:10.1023/a:1018375926386