The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021

Detalhes bibliográficos
Autor(a) principal: Afonso, António
Data de Publicação: 2023
Outros Autores: Blanco-Arana, M. Carmen
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/29167
Resumo: Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and economic growth in the Least Developed Countries (LDCs) using panel data for the period 2000-2021. Results show that, in general, economic freedom positively influences economic growth in the LDCs. Moreover, most economic freedom factors raise economic growth. However, the effect of government spending, fiscal and financial freedom on economic growth is negative. Using a Principal Component Analysis for the economic freedom sub-indicators confirms the results.
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spelling The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021economic freedomeconomic growthLDCsfinancial developmentpanel dataEconomic freedom and economic growth can be connected in most countries, but it is often necessary to specify those aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and economic growth in the Least Developed Countries (LDCs) using panel data for the period 2000-2021. Results show that, in general, economic freedom positively influences economic growth in the LDCs. Moreover, most economic freedom factors raise economic growth. However, the effect of government spending, fiscal and financial freedom on economic growth is negative. Using a Principal Component Analysis for the economic freedom sub-indicators confirms the results.ISEG - REM - Research in Economics and MathematicsRepositório da Universidade de LisboaAfonso, AntónioBlanco-Arana, M. Carmen2023-11-02T10:54:45Z2023-102023-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/29167engAfonso, António e M. Carmen Blanco-Arana (2023). "Título". REM Working paper series, nº 0297/20232184-108Xinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-05T01:31:55Zoai:www.repository.utl.pt:10400.5/29167Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T21:26:47.949854Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021
title The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021
spellingShingle The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021
Afonso, António
economic freedom
economic growth
LDCs
financial development
panel data
title_short The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021
title_full The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021
title_fullStr The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021
title_full_unstemmed The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021
title_sort The nexus between economic freedom and economic growth in the LDCs. An empirical analysis for the period 2000-2021
author Afonso, António
author_facet Afonso, António
Blanco-Arana, M. Carmen
author_role author
author2 Blanco-Arana, M. Carmen
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Blanco-Arana, M. Carmen
dc.subject.por.fl_str_mv economic freedom
economic growth
LDCs
financial development
panel data
topic economic freedom
economic growth
LDCs
financial development
panel data
description Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and economic growth in the Least Developed Countries (LDCs) using panel data for the period 2000-2021. Results show that, in general, economic freedom positively influences economic growth in the LDCs. Moreover, most economic freedom factors raise economic growth. However, the effect of government spending, fiscal and financial freedom on economic growth is negative. Using a Principal Component Analysis for the economic freedom sub-indicators confirms the results.
publishDate 2023
dc.date.none.fl_str_mv 2023-11-02T10:54:45Z
2023-10
2023-10-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/29167
url http://hdl.handle.net/10400.5/29167
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Afonso, António e M. Carmen Blanco-Arana (2023). "Título". REM Working paper series, nº 0297/2023
2184-108X
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - REM - Research in Economics and Mathematics
publisher.none.fl_str_mv ISEG - REM - Research in Economics and Mathematics
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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