International Conference on Eurasian Economies
9-11 September 2015 – Kazan, RUSSIA
Paper detail
Paper ID : 1368
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Asst. Prof. Dr. Hakan Türkay
Session : 5E Büyüme
Relationship between Economic Freedom and Economic Growth in Some Selected Transition Economies: A Panel Data Analysis
Seçilmiş Bazı Geçiş Ekonomilerinde İktisadi Özgürlükler ve İktisadi Büyüme İlişkisi: Bir Panel Veri Analizi
- Asst. Prof. Dr. Hakan Türkay (Cumhuriyet University, Türkiye)
Abstract
This study estimated the influence of economic freedom in transition economies between the years 2000-2012 on economic growth by using panel data analysis. Economic freedom index developed by Fraser Institute was used in the study. The index values prepared by this institute do not cover all economies in transition. In addition, there is missing data for the periods that the study covers in terms of some countries. Thus, the analysis uses the data about 15 economies in transition. The study was conducted within the scope of two different models. In one of these models, the global economic crisis of 2009 was also included. As a conclusion, a negative relationship was found between economic freedom and economic growth when the crisis was not included; however, there was a positive but statistically insignificant relationship when the crisis was taken into consideration.
JEL codes: C23, A13
Türkay, Hakan (2015). "Relationship between Economic Freedom and Economic Growth in Some Selected Transition Economies: A Panel Data Analysis" in Proceedings of International Conference of Eurasian Economies 2015, pp.825-829, Kazan, RUSSIA.
DOI: https://doi.org/10.36880/C06.01368
