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2011 | 3 | 3 | 133-168
Article title

The Nexus between Improvements in Economic Freedom and Growth: Evidence from CEE Countries in Transition

Content
Title variants
Languages of publication
EN
Abstracts
EN
This study examines the causal links between improvements in economic freedom and changes in GDP per capita of new EU members in transition in the period 2000-2009. The empirical results suggest significant causality running from changes in monetary and fiscal freedom, trade openness, regulation of credit, labour, and business, legal structure and security of property rights, and access to sound money to movements in GDP per capita, especially in less and moderately developed CEE transition countries. Moreover, we find evidence that improvements in economic freedom are one of the main factors stimulating the convergence of these economies towards rich EU members. The evidence of causality in the opposite direction is much weaker.
Year
Volume
3
Issue
3
Pages
133-168
Physical description
Dates
received
2012-03-21
accepted
2012-04-26
Contributors
author
author
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-d98fb218-2e98-4c99-8922-f586e1de8c78
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