The role of the level of development, geographical factors, and culture for the efficacy of economic freedom

Authors

  • Małgorzata Zielenkiewicz University of Gdańsk

DOI:

https://doi.org/10.12775/EQUIL.2015.036

Keywords:

economic freedom, institutions, economic development, geopolitics, culture

Abstract

There are many studies focused on the role of economic freedom in creating conditions supportive for economic growth. Most of the recommendations in this area are based on the observations of the highly developed countries. But is it reasonable to generalize these findings to other countries, independently from their conditions? Contemporarily, the number of the research conducted for the countries outside the world's forefront is growing. Results are varied ? some elements of economic freedom seem to be effective unconditionally, some of them bring different results. The aim of the paper is to examine the role of such factors as a stage of economic development, geographical location, and culture in the context of the efficacy of economic freedom. The study was conducted with usage of regression models for panel data and based on the indicators connected with economic freedom and economic growth.

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Zielenkiewicz M. (2015). The level of development and geographical factors in analysing the relationship between institutional changes and economic growth in developing and transition countries. International Journal of Academic Research (not published yet).

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Published

31-12-2015

Issue

Section

Institutional determinants of macroeconomic effectiveness

How to Cite

Zielenkiewicz, M. (2015). The role of the level of development, geographical factors, and culture for the efficacy of economic freedom. Equilibrium. Quarterly Journal of Economics and Economic Policy, 10(4), 85-98. https://doi.org/10.12775/EQUIL.2015.036

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