The Impact of Fiscal and Other Economic Freedoms on Economic Growth: An Empirical Analysis

Richard Cebula () and Franklin Mixon

International Advances in Economic Research, 2012, vol. 18, issue 2, 139-149

Abstract: This empirical study investigates the impacts on economic growth of reduced fiscal freedom from both the taxing and spending sides. After controlling for nominal long term interest rates, net exports, federal government budget deficits, and other factors, panel two stage least squares estimations using a 4-year panel data set for the OECD nations as a group reveals that reduced fiscal freedom leads to a reduced rate of economic growth; furthermore, it is found that reduced freedom from excessive government size also leads to a reduced rate of economic growth. Copyright International Atlantic Economic Society 2012

Keywords: Fiscal freedom; Economic freedom; Economic growth; R11; P10; P16; E60; F43; H61 (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1007/s11294-012-9348-1

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