Economic Growth, Economic Freedom, Globalization and Entrepreneurship.

2015 ◽  
Author(s):  
Miltiades N. Georgiou
Keyword(s):  
Economic Growth ◽  
Economic Freedom ◽  
Growth Economic

scholarly journals DAMPAK KEBEBASAN EKONOMI TERHADAP PERTUMBUHAN EKONOMI

Media Ekonomi ◽  
2014 ◽  
Vol 22 (3) ◽  
pp. 221
Author(s):  
Agustina Suparyati
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Government Spending ◽  
Quantitative Data ◽  
Economic Freedom ◽  
Developed Countries ◽  
Asean Countries ◽  
Growth Economic ◽  
Business Freedom

<p>The purpose of this study is to examine the effect of economic development on economic growth. Economic freedom as an indicator of the progress of a country's welfare level consisting of 10 constituent components namely Property Rights, Freedom from Corruption, Fiscal Freedom, Government Spending, Business Freedom or Regulatory Freedom, Labor Freedom, Monetary Freedom, Freedom Trade, Investment Freedom and Financial Freedom. This study uses annual quantitative data in the span of time between 2001-2012 with the object of research in developed countries in Asia (Japan, China, South Korea and Singapore) and developing countries in Asia (Indonesia, Malaysia, Laos, Thailand, Philippines, Singapore and Vietnam ) The results obtained that in ASEAN countries the variables that affect economic growth are variables of right property, business freedom, trade freedom and financial freedom while in developed countries in Asia, the components of influential economic freedom are property right, freedom from corruption, government spending, monetary freedom , business freedom, and financial freedom.</p>

scholarly journals BANK BAILOUT PROGRAMS IN EUROPE: A SEQUENTIAL ANALYSIS OF DRIVERS AND OUTCOMES

2021 ◽  
Vol 22 (3) ◽  
pp. 714-734
Author(s):  
Teodora-Cristina Barbu ◽  
Iustina-Alina Boitan ◽  
Cosmin-Octavian Cepoi ◽  
Bogdan Andrei Dumitrescu
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Propensity Score ◽  
Financial Performance ◽  
Economic Freedom ◽  
Sequential Analysis ◽  
Political Stability ◽  
Economic Conditions ◽  
Short Term ◽  
Growth Economic

The determinants and effects of bank bailout programs on the economy and society are still controversial. Using a Propensity Score Matching approach relying on 22 European countries, it was identified economic growth, economic freedom, total banking assets, and liquid assets to deposits and short-term funding ratio as the main drivers for the decision to adopt a bank bailout program. The results show that the adoption of bank bailout programs did not lead to an improvement in the banks’ solvency indicators or financial performance. Still, it has amplified financial stress and income inequality instead, hampering political stability, as well as social and economic conditions. The novelty of this research resides in adding a contribution to scarce literature covering the determinants of the decision to adopt a bank bailout program, also by comprehensively expanding the set of candidate variables that may have impacted the decision for Government intervention.

scholarly journals Analyzing the FDI dynamics and the investment climate impacting the economic development of BSEC

2020 ◽  
Vol 19 (3) ◽  
pp. 32-43
Author(s):  
Evangelos Siskos ◽  
Konstantia Darvidou
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Property Rights ◽  
Economic Freedom ◽  
Temporary Increase ◽  
Tax Burden ◽  
Investment Climate ◽  
Outward Fdi ◽  
Fiscal Health ◽  
Growth Economic

The paper concentrates on the analysis of inward and outward FDI in the BSEC countries, their structuring by countries of origin and destination, and how the investment climate (in particular economic freedom and economic development) affects the actual FDI influx in the region. The BSEC countries became considerably attractive for FDI at the beginning of the 2000s, and now they receive about 4% of the world FDI. All the BSEC countries are net recipients of FDI, but some of them also actively invest abroad. Most FDI to the region originates in Europe. FDI is the most important for several small BSEC economies, especially in some periods when they made a significant contribution to capital formation. Despite a temporary increase in imports, FDI also helped to stabilize the balance of payments. Most BSEC countries usually outperform average countries worldwide by trade freedom, low tax burden, fiscal health, financial freedom, property rights, and low inflation. However, this group of countries is quite diverse by particular indicators. Corruption and excessive regulations often act as the drawbacks for the investment climate. The overall economic freedom and low tax burden are the strongest determinants of inward FDI to the BSEC countries. Improving the overall economic freedom, protecting property rights, and better control over government spending are the most crucial for stimulating economic growth. Economic growth and trade freedom are less important factors for FDI.

scholarly journals Foreign Direct Investment, Economic Freedom and Economic Growth: Evidence from Developing Countries

2016 ◽  
Vol 8 (11) ◽  
pp. 200 ◽  
Author(s):  
Md. Shakib Hossain
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Foreign Direct Investment ◽  
Standard Deviation ◽  
Poisson Regression ◽  
Direct Investment ◽  
Economic Freedom ◽  
Random Effect ◽  
Estimating Equation ◽  
Generalized Estimating Equation

<p class="Default">This paper has explores the interplay between economic freedom, foreign direct investment and economic growth using panel data analysis for a sample of 79 developing countries from 1998 to 2014 by considering the level of economic freedom, as provided by the “Heritage Foundation”. Panel unit root, pedroni residual co-integration test, generalized least square (GLS), feasible GLS (FGLS), pooled OLS, random effect, fixed effect, poisson regression, prais-winsten, generalized method of movement (GMM) and generalized estimating equation (GEE) methods have used to estimates the relationship. According to the OLS and generalized method of movement the coefficient implies that a one standard deviation improvement in business freedom, trade freedom, size, investment freedom, property rights, freedom from corruption, labor freedom, financial freedom, fiscal freedom, monetary freedom increases FDI by 21.4%, 15.6%, 21.6%, 17.5%, 11.55, 9.1%, 6.9%, 8.5%, 7.4%, 10.3% and 56.1%, 45.3%, 58.3%, 51.6%, 33.7%, 39.2%, 47.4%, 41.6%, 32.5%, 38.5% points respectively and  for the economic variable ,the coefficient implies that a one standard deviation improvement in GDPG and GDPPC increases FDI by 24.1%, 17.4% and 30.2%, 33.4% points respectively. By using the other method like random effect, fixed effect, poisson regression, prais-winsten and generalized estimating equation (GEE) method explores that economic freedom in the host country is a positive determinants of FDI inflows in developing countries and also the result suggests that foreign direct investment is positively correlated with the economic growth in the host countries.</p>

scholarly journals Economic freedom and growth: A panel cointegration approach

2016 ◽  
Vol 63 (5) ◽  
pp. 541-562 ◽  
Author(s):  
Bernur Acikgoz ◽  
Anthony Amoah ◽  
Mine Yilmazer
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Economic Freedom ◽  
Panel Cointegration ◽  
Government Regulations ◽  
Policy Makers ◽  
Country Group ◽  
Long Run ◽  
Growth Prospects

This study uses three-country group panel data from 1993 to 2011 in examining the long-run effect of tax burdens (Fiscal index) and government regulations of business (Business index) on economic growth. The outcome of the panel cointegration approach suggests that the variables have a long-run relationship with economic growth. The study finds all the signs of the variables used to be consistent with theoretical expectations. Regarding the variables of interest, it is also found that the Fiscal index has a positive and significant effect on economic growth for all three-country groups. In addition, the Business index has a positive and significant effect for only two-country groups. The study finds that tax burdens and government regulations play an important role on economic growth for most countries in the sample. To harness economic growth prospects, the study offers recommendations for policy makers to consider.

scholarly journals KORUPSI DAN PERTUMBUHAN EKONOMI

2020 ◽  
Vol 5 (2) ◽  
pp. 154-165
Author(s):  
Amin Haqiqi ◽  
◽  
Husaeri Putra ◽  
Keyword(s):  
Economic Growth ◽  
Cultural Differences ◽  
Economic Freedom ◽  
Scientific Research ◽  
Research Articles ◽  
Literature Study ◽  
Negative Effect ◽  
Scientific Research Articles ◽  
High Level ◽  
Positive Effect

This study analyzes corruption and economic growth. The method of analysis uses literature studies. This literature study was carried out by searching scientific research articles about corruption through Google Scholar and journals about corruption. After the identification of several articles, the results show different results about the effect of corruption on economic growth. From each journal shows Corruption has a negative effect on economic growth in Indonesia and those that have a positive effect. This shows several factors that underlie the influence of corruption on economic growth, namely due to cultural differences, policies, economic freedom and the rules of each region. The diversity of each region in Indonesia makes a different level of influence of corruption so that if a region has a high level of economic freedom and rules and bureaucracy that are not difficult, corruption has a positive effect on economic growth. In general, the effect of corruption on economic growth is negative, where the cleaner the region or region is from corruption, the more it will encourage the growth of the region.

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