scholarly journals The relationship between selected macroeconomic indicators and economic freedom in V4 countries

2021 ◽  
pp. 9-17
Author(s):  
Monika Daňová ◽  
Elena Širá
Keyword(s):  
Economic Growth ◽  
Economic Freedom ◽  
Causal Link ◽  
Small Degree ◽  
Strongly Correlated ◽  
Economic Growth And Development ◽  
Macroeconomic Indicators ◽  
The Given ◽  
The Relationship

The paper aims to determine the practical applicability of the indicator of economic freedom in economic policy. The problem areas that arose in connection with the given aim, had a significant influence on the determination of the goal of the work. We were interested in, whether a small degree of economic freedom is the cause of slow economic growth and development, or if the causal link going in the opposite direction? Is the relationship between these elements and economic freedom the same always and everywhere? To answer these questions, we perform a series of analyzes on the data panel of the V4 countries for the period 2000-2019. Based on the obtained results, we identify those factors whose development is strongly related to the development of economic freedom. The results suggest that economic freedom is strongly correlated with public debt, exports, and the level of unemployment, is reflected in the values of these elements and at the same time is significantly affected by these elements. The strength and nature of their relationship with economic freedom vary across the group. Therefore, they cannot be considered as indicators of the state of economic freedom. Contrary to some published findings, little evidence has been obtained that economic freedom significantly affects economic growth.

scholarly journals Economic Growth, Public and Private Consumption in Cameroon: A Multivariate Analysis

2018 ◽  
Vol 11 (1) ◽  
pp. 26
Author(s):  
Honoré Samuel NTAVOUA
Keyword(s):  
Economic Growth ◽  
Multivariate Analysis ◽  
Empirical Research ◽  
Private Consumption ◽  
Causal Link ◽  
Vector Model ◽  
Public And Private ◽  
Public Consumption ◽  
The Relationship

<p>The nature of the link between economic growth, public and private consumption in theoretical and empirical research is not well known in Cameroon. The objective of this study is to examine the nature of the relationship between economic growth, public and private consumption in Cameroon from 1980 to 2015. In order to achieve our goal, the data from the CENUCED were collected and tested in the autoregressive vector model (VAR). The delay selection statistic for VAR allowed us to have the following causality results: in Cameroon, there is a unidirectional relationship between economic growth towards public consumption and economic growth towards private consumption. Meanwhile, there is no causal link between public and private consumption, from public and private consumption to economic growth. Thus, the recommendation is that the Cameroonian government should create an incentive framework conducive to the improvement of public and private consumption to stimulate investment and economic growth.</p>

How robust is the relationship between economic freedom and economic growth?

2001 ◽  
Vol 33 (7) ◽  
pp. 839-844 ◽  
Author(s):  
Jan-Egbert Sturm ◽  
Jakob De Haan
Keyword(s):  
Economic Growth ◽  
Economic Freedom ◽  
The Relationship

New Evidence on the Relationship Between Economic Freedom and Growth: A Panel Cointegration Analysis for The Case of OECD

2012 ◽  
Vol 12 (3) ◽  
pp. 1850263 ◽  
Author(s):  
Ekrem Erdem ◽  
Can Tansel Tugcu
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Total Factor Productivity ◽  
Economic Freedom ◽  
Global Financial Crisis ◽  
Oecd Countries ◽  
Cointegration Analysis ◽  
Factor Productivity ◽  
The Impact ◽  
The Relationship

The aim of this paper is to find a new answer to an old question “Is economic freedom good or not for economies?” which was refreshed after the Global Financial Crisis of 2008. For this purpose, the relationship between economic freedom and economic growth, and the relationship between economic freedom and total factor productivity in OECD countries were investigated by using panel data for the period of 1995-2009. Study employed the recently developed cointegration test by Westerlund (2007) and the estimation technique by Bai and Kao (2006) which account for cross-sectional dependence that is an important problem in the panel data studies. Although no significant relationship found between economic freedom and total factor productivity, cointegration analysis revealed that economic freedom matters for economic growth in OECD countries in the long-run, and estimation results showed that direction of the impact is negative.

ECONOMIC DIPLOMACY AND NATIONAL DEVELOPMENT GHANA UNDER KUFUOR (2001-2008): ‘MAMMON’ AND GOOD NEIGHBOURLINESS.

2019 ◽  
Vol 10 (2) ◽  
pp. 201-221
Author(s):  
Steve Asirifi Yeboah
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
National Development ◽  
Final Analysis ◽  
The Other ◽  
Economic Relation ◽  
Economic Growth And Development ◽  
Rate Of Development ◽  
Economic Diplomacy ◽  
Macroeconomic Indicators

This study seeks to assess the extent to which President Kufuor’s adoption of economic diplomacy impacted the economic growth and development of Ghana from 2001-2008. The economic development of Ghana after inde-pendence vary from one administration to the other with military takeovers influencing and changing the course and rate of development. President Kufuor’s administration however presents a remarkable record of immense economic growth. Kufuor’s era was thus, termed as the “Golden Age of Business” following the gravity of private businesses springing up and an environment created for such initiatives to thrive on. In the final analysis, the study came to the realization that Kufuor’s administration reemphasizes the deepening economic relation Ghana developed with other partners through the implementation of economic diplomacy. The study underlined some initiatives that was embarked on and further provided some macroeconomic indicators representing the level of development during his era. The result revealed the roles of diplomats as primary avenues for the promotion of economic diplomacy and how their activities impact the economic growth of a country.

Economic Dependence and Economic Empiricism in Black Africa

1977 ◽  
Vol 15 (1) ◽  
pp. 116-118
Author(s):  
Sheila M. Smith
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Growth And Development ◽  
Fundamental Problem ◽  
Economic Dependence ◽  
Economic Growth And Development ◽  
Negatively Associated ◽  
Measures Of Dependence ◽  
Black Africa ◽  
The Relationship

Patrick McGowan has recently attempted to examine the relationship between ‘Economic Dependence and Economic Performance in Black Africa’ in this Journal, Vol. xiv, No. I, March 1976, pp. 25–40. His article reemphasised the need for concrete analysis since the generalities of ‘dependence’ have been more extensively studied than their concrete expressions. However, a fundamental problem of his analysis is that the criteria for verifying the theory of dependence are unrelated to the theory itself: the ‘test’ devised is a series of correlations between measures of dependence and indicators of economic performance, since ‘the theory [of dependence] predicts that dependence is negatively associated with indicators of economic growth and development’ (p. 27). Part of the problem is that McGowan does not really define ‘dependence’, but in addition it is not at all clear why this is expected to be negatively associated with indicators of economic growth.

scholarly journals Economic Freedoms and Economic Growth: An Investigation on Emerging Market Economies

2015 ◽  
Author(s):  
Bedriye Tunçsiper ◽  
Ömer Faruk Biçen
Keyword(s):  
Economic Growth ◽  
Economic Freedom ◽  
Emerging Market ◽  
Property Right ◽  
Emerging Market Economies ◽  
Dependency Ratio ◽  
Market Economies ◽  
Economic Freedom Index ◽  
The Relationship ◽  
Business Freedom

The common view in the economics theory relating to the fact that economic freedom will raise labor productivity and it will provide effective use of scarce resources becomes a current issue with the increase in the number of papers investigating the effect of economic freedom on economic growth. One of the main reasons of the increasing number of those papers is that economic freedom can be measured quantitatively (numerically) through the indexes calculated by various institutions. In this paper, the relationship between economic freedoms and economic growth for some emerging market economies is investigated. In estimating of the relationship between economic freedoms and economic growth, overall economic freedom index, property right index, business freedom index, trade freedom index and investment freedom index, which was created by the Heritage Foundation was used. Investment/GDP ratio and population dependency ratio are also control variables in the model. In the paper, in which panel fixed effect model was used, property right index, investment freedom index and population dependency ratio affect economic growth negatively, but business freedom index, trade freedom index and investment/GDP ratio affect economic growth positively. It isn’t found that there is a significantly relationship between overall economic freedom index and economic growth.

scholarly journals A template-based approach to the modification of binding properties of globular proteins II: Rationale and proposed approach.

2016 ◽  
Author(s):  
Imadol V Jeff-Eke
Keyword(s):  
Structural Reorganization ◽  
Binding Properties ◽  
Site Structure ◽  
Probability Bias ◽  
Specific Complex ◽  
The Difference ◽  
The Given ◽  
The Relationship

We present a rationale and proposed approach to the modification and development of bind sites using their respective cognate ligands as template. This is in support of a plausible “instructive” role for the ligand and therefore its involvement in determination of the structure and properties of bind sites. We emphasize the relationship between substrate and active site as an example of the relationship between ligand and bind sites, respectively. This is based on the assumption that there are shared features between all ligand:bind site complexes. Therefore, principles that apply to a specific complex can be applied, in general, to other protein-based complexes. We define ligand-associated probability bias as the difference between the probability of finding activity-determining conformations (ADCs) in the presence- and absence of ligands. For cognate ligands, the given bias is in favor of these ADCs. Thus, bind sites are more likely to assume ADCs when their cognate ligands are present. We relate such probability bias to structural reorganization, disorganization, and preorganization events. We then propose a means of deriving an [apparent] preorganized bind site structure by way of reorganization events that occur with cognate ligand. Finally, we propose a means of deriving an [actual] preorganized bind site structure by way of reorganization events that occur with cognate ligand, albeit during the folding process. The assumption is that the role of the ligand in derivation of such [actual] preorganized bind site structures is an instructive role, and is in support of the Haurowitz-Pauling hypothesis.

scholarly journals A template-based approach to the modification of binding properties of globular proteins II: Rationale and proposed approach.

2016 ◽  
Author(s):  
Imadol V Jeff-Eke
Keyword(s):  
Structural Reorganization ◽  
Binding Properties ◽  
Site Structure ◽  
Probability Bias ◽  
Specific Complex ◽  
The Difference ◽  
The Given ◽  
The Relationship

We present a rationale and proposed approach to the modification and development of bind sites using their respective cognate ligands as template. This is in support of a plausible “instructive” role for the ligand and therefore its involvement in determination of the structure and properties of bind sites. We emphasize the relationship between substrate and active site as an example of the relationship between ligand and bind sites, respectively. This is based on the assumption that there are shared features between all ligand:bind site complexes. Therefore, principles that apply to a specific complex can be applied, in general, to other protein-based complexes. We define ligand-associated probability bias as the difference between the probability of finding activity-determining conformations (ADCs) in the presence- and absence of ligands. For cognate ligands, the given bias is in favor of these ADCs. Thus, bind sites are more likely to assume ADCs when their cognate ligands are present. We relate such probability bias to structural reorganization, disorganization, and preorganization events. We then propose a means of deriving an [apparent] preorganized bind site structure by way of reorganization events that occur with cognate ligand. Finally, we propose a means of deriving an [actual] preorganized bind site structure by way of reorganization events that occur with cognate ligand, albeit during the folding process. The assumption is that the role of the ligand in derivation of such [actual] preorganized bind site structures is an instructive role, and is in support of the Haurowitz-Pauling hypothesis.

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