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An empirical analysis of economic freedom-GDP growth relationship

Mihaela-Daciana Bolos and Bradut-Vasile Bolos
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Mihaela-Daciana Bolos: Universitatea Petru Maior, Nicolae Iorga, Tg Mures, Romania
Bradut-Vasile Bolos: Universitatea Petru Maior, Nicolae Iorga, Tg Mures, Romania

STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, 2015, vol. 1, 41-56

Abstract: We analyze the strenght of the relationship between economic freedom, measured using Economic Freedom Index and economic growth, measured using GDP growthover a 12 years time frame in three countryes. The relationship between the two variables is measured using correlation.The study results suggest the relationship is very weak, witch does not comply to previous research results.

Keywords: Economic freedom; economic growth; economic policyes (search for similar items in EconPapers)
JEL-codes: N1 N4 A1 (search for similar items in EconPapers)
Date: 2015
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