Economic freedom and growth: exploring statistical significance of the relationship in the balkan economies
Economic freedom and growth: exploring statistical significance of the relationship in the balkan economies

Summary/Abstract: Enhancing economic freedom remains a key policy objective of the reforms that Balkan economies are engaged in, particularly after ending of the conflicts and the start of Stabilization and Association Process . The assumption is that enhancing economic freedom will produce high economic growth and improve prospects for higher standards of living for citizens . Therefore, the question of determining the relationship between economic freedom and economic growth has attracted attention of a number of researchers and a number of working papers have tried to explore on the issue . In this paper I try to investigate this relationship between economic freedom, decomposed in his ten dimensions, and economic growth, welfare effects and business development through the capital formation index .

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