Economic freedom, democracy and economic growth: a causal investigation in transition countries

Dawid Piątek, Katarzyna Szarzec and Michał Pilc ()

Post-Communist Economies, 2013, vol. 25, issue 3, 267-288

Abstract: This article addresses the issue of causality in the relationship between political and economic freedom and economic growth in transition countries. This problem has been discussed in the literature but the results concerning political freedom and economic growth are still ambiguous. Moreover, owing to the impact of time we now have at our disposal significantly longer time series, which in this kind of research is especially important. The analysis was conducted for 25 post-socialist countries for 1990--2008 using a set of 20 indicators of economic and political freedom and Granger causality tests. The results show that although economic freedom has a positive impact on economic growth in transition countries, political freedom is neutral for economic growth; changes in the level of political freedom are however influenced by economic growth.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

Downloads: (external link)
http://hdl.handle.net/10.1080/14631377.2013.813137 (text/html)
Access to full text is restricted to subscribers.

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:taf:pocoec:v:25:y:2013:i:3:p:267-288

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CPCE20

DOI: 10.1080/14631377.2013.813137

Access Statistics for this article

Post-Communist Economies is currently edited by Roger Clarke

More articles in Post-Communist Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().