The impact of economic freedom on economic growth

Jakob de Haan and Jan-Egbert Sturm

Chapter 14 in Handbook of Research on Economic Freedom, 2024, pp 189-207 from Edward Elgar Publishing

Abstract: This chapter reviews studies on the relation between economic freedom and economic growth. Most studies report a direct positive relation between economic freedom and growth. Many studies are based on cross-country and panel growth models and face problems such as the potential endogeneity of economic freedom and problematic specifications of the growth model used. Apart from studies analyzing the conditioning effects of economic freedom on other drivers of economic growth, and those analyzing the conditioning effect of other factors (such as culture and generalized trust) on the impact of economic freedom on growth, most of the literature surveyed here does not offer major new insights. Even more worrisome is that several methodologies that have been suggested to deal with shortcomings of traditional cross-country and panel growth models have hardly been applied.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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