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Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and economic growth in the Least Developed Countries (LDCs)...
Persistent link: https://www.econbiz.de/10014427512
The nexus between corruption and economic growth has been examined for a long time. Many empirical studies measured … corruption by the reversed Transparency International’s Perception of Corruption Index (CPI) and ignored that the CPI was not … 2012-2018 and re-examine the nexus between corruption and economic growth. The cumulative long-run effect of corruption on …
Persistent link: https://www.econbiz.de/10012064480
Persistent link: https://www.econbiz.de/10003377261
This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government's reliance on … of the government's budget constraint, we find strong evidence to support these predictions under different estimation …
Persistent link: https://www.econbiz.de/10003748210
We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our results suggest that there is no robust...
Persistent link: https://www.econbiz.de/10010474859
This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll-Kraay standard errors with fixed effects instrumental variable...
Persistent link: https://www.econbiz.de/10014292764
Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...
Persistent link: https://www.econbiz.de/10011507850
We study the effect of a corruption reflection index on internal conflict in Iran using a novel measure of corruption … variance decomposition analyses to track the response of protests to shocks in the level of corruption. Using annual data from … 1962 to 2019, we find a positive and significant response of protests to a positive shock in the news-based corruption …
Persistent link: https://www.econbiz.de/10012803751
Using the KOF Index of Globalization and two indices of economic freedom, we empirically analyze whether globalization and economic liberalization affect governments' respect for human rights using a panel of 106 countries over the 1981-2004 period. According to our results, physical integrity...
Persistent link: https://www.econbiz.de/10008699737
We extend the model of insecure property rights by Tornell and Velasco (1992) and Tornell and Lane (1999) by adding three features: (i) extracting the common property asset involves a private appropriation cost, (ii) agents derive utility from wealth as well as from consumption, and (iii) agents...
Persistent link: https://www.econbiz.de/10011450350