EXAMINING FRIEDMAN HYPOTHESIS ON POLITICAL,CIVIL AND ECONOMIC FREEDOM FOR SAARC COUNTRIES: A DYNAMIC PANEL DATA ANALYSIS

M. Zakir Saadullah Khan ()
Additional contact information
M. Zakir Saadullah Khan: Comilla University

Journal of Economic Development, 2012, vol. 37, issue 3, 107-127

Abstract: This paper empirically examines the Friedman hypothesis on political, civil and economic freedom that, a country can have a high degree of civil freedom, and a high degree of economic freedom without any political freedom, but can not have any political freedom if it does not have some degree of civil and economic freedom. Using panel data of five SAARC countries over the period 1995-2011, the dynamic panel data econometric techniques and Granger-causality tests validated the Friedman hypothesis regarding economic and political freedom, but regarding civil and political freedom the reverse is found true. The estimates of the empirical model using UECM show that economic freedom has significant short-run and long-run effects in improving the political freedom in the SAARC region.

Keywords: : Political Freedom; Civil Freedom; Economic Freedom; Dynamic Panel Data (search for similar items in EconPapers)
JEL-codes: F49 O5 P5 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.jed.or.kr/full-text/37-3/5.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:37:y:2012:i:3:p:107-127

Access Statistics for this article

Journal of Economic Development is currently edited by Sung Y. Park

More articles in Journal of Economic Development from Chung-Ang Unviersity, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sung Y. Park ().