A study on the impact of economic freedom on economic growth in ASEAN countries
A study on the impact of economic freedom on economic growth in ASEAN countries
Author(s): Dung Viet TranSubject(s): Economy, Supranational / Global Economy
Published by: Prague Development Center
Keywords: Economic freedom; labor freedom; trade freedom; financial freedom; economic growth
Summary/Abstract: We examine the impact of economic freedom on economic growth using data of ASEAN countries over the period of 2000-2017. To capture the characteristics of ASEAN liberalization purposes, we use different proxies documented in prior literature such as trade freedom, labor freedom and financial freedom as proxies of economic freedom. We document that higher economic freedom and higher labor freedom lead to higher economic growth. However, more trade freedom appears to inhibit economic growth in ASEAN countries. We find no significant relationship between financial freedom and economic growth. These findings survive robustness tests.
Journal: Business and Economic Horizons
- Issue Year: 15/2019
- Issue No: 3
- Page Range: 423-449
- Page Count: 27
- Language: English
