The impact of the political liberalization-economic freedom nexus on economic growth, 1970-2000

Yun Peng Chu, Tuan Yuen Kong

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

The role of institutions in economic growth has recently begun to receive greater attention in academic circles. Although the impact of institutions has been acknowledged by most, definitive conclusions still remain a question, particularly given the problem of endogeneity. We use panel least squares estimation to consider the nexus between political liberalization and economic freedom. We seek to avoid the problem of endogeneity as well as examine the different aspects of institutional roles. We find conclusions for different aspects when controlling political liberalization or economic freedom.

Original languageEnglish
Pages (from-to)21-30
Number of pages10
JournalApplied Econometrics and International Development
Volume9
Issue number2
Publication statusPublished - Jul 2009
Externally publishedYes

Keywords

  • Economic freedom
  • Economic growth
  • Political liberalization

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance
  • Political Science and International Relations
  • Development

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