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Impact of economic freedom on the growth rate: A panel data analysis

Hussain, Mohammed Ershad; Haque, Mahfuzul - In: Economies 4 (2016) 2, pp. 1-15

This study looks at some non-conventional determinants of economic growth, with the help of the newly developed economic freedom index datasets of the Heritage Foundation/Wall Street Journal(HF/WSJ), which is a cumulative index derived from several sub-indices (trade freedom index, financial...

Persistent link: https://www.econbiz.de/10011708717

Robust Correlates of County-Level Growth in the U.S.

Higgins, Matthew J.; Young, Andrew T.; Levy, Daniel - In: Applied Economics Letters 17 (2010) 3, pp. 293-296

Higgins et al. (2006), report several statistically significant partial correlates with US per capita income growth. However, Levine and Renelt (1992) demonstrate that such correlations are hardly ever robust to changing the combination of conditioning variables included. We ask, whether the...

Persistent link: https://www.econbiz.de/10012140585

Heterogeneous Convergence

Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - In: Economics Letters 120 (2013) 2, pp. 238-241

We use US county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9% and the New York estimate is 3.3%. Convergence rates are essentially uncorrelated with income levels.

Persistent link: https://www.econbiz.de/10012140587

Federal, State, and Local Governments: Evaluating Their Separate Roles in US Growth

Higgins, Matthew J.; Young, Andrew T.; Levy, Daniel - In: Public Choice 139 (2009) 3-4, pp. 493-507

We use US county level data from 1970 to 1998 to explore the relationship between economic growth and government employment at three levels: federal, state and local. Increases in federal, state and local government employments are all negatively related to economic growth. We find no evidence...

Persistent link: https://www.econbiz.de/10012140618

Growth and Convergence across the United States: Evidence from County-Level Data

Higgins, Matthew J.; Levy, Daniel; Young, Andrew T. - In: Review of Economics and Statistics 88 (2006) 4, pp. 671-681

We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using ordinary least squares (OLS) and three-stage least squares with instrumental variables (3SLS-IV), we report on the full sample and metro, nonmetro, and and regional samples: (1) OLS...

Persistent link: https://www.econbiz.de/10012140644

To What Extent Is the Institutional Environment Responsible for Worldwide Differences in Economic Development

Próchniak, Mariusz - In: Contemporary Economics 7 (2013) 3, pp. 17-38

economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The … institutions-augmented Solow model fits the empirical data very well. It turns out that differences in physical capital, human … differences in economic development among the countries of the world. According to the institutions-augmented Solow model, the …

Persistent link: https://www.econbiz.de/10010436079

The application of Bayesian model averaging in assessing the impact of the regulatory framework on economic growth

Próchniak, Mariusz; Witkowski, Bartosz - In: Baltic Journal of Economics 14 (2014) 1-2, pp. 159-180

The paper aims to assess the impact of regulations (measured by the Fraser Institute index of economic freedom) on economic growth in the world as well as in EU and post-socialist countries. The method of the analysis is based on growth regressions where economic freedom is included in the set...

Persistent link: https://www.econbiz.de/10011868492

Composition of public expenditures and macroeconomic performance in the European Union

Ferreiro, Jesus; del Valle, Maribel García; Gómez, Carmen - In: Intervention. European Journal of Economics and … 09 (2012) 1, pp. 109-128

The objective of the paper is to test the existence of a relationship between the composition of public expenditures and the macroeconomic outcomes (GDP rate of growth, and unemployment and inflation rates) of the European Union member states during the period 1995-2007. We study the existence...

Persistent link: https://www.econbiz.de/10014363142

Economic structures, institutions and economic performance

Constantine, Collin - In: Journal of Economic Structures 6 (2017) 2, pp. 1-18

The contention that 'inclusive' institutions are the deep determinants of economic growth remains unsatisfactory. This … the feedback loops among institutions, political power and economic structures, thus, markets on their own will not ensure …

Persistent link: https://www.econbiz.de/10011991468

The new economic governance framework of the European Union

Mihuț, Ioana - Sorina - In: CES Working Papers 10 (2018) 2, pp. 182-197

There is a general agreement that the European Union is facing nowadays one of the most important challenges in the history of the community, taking into consideration the wide range of economic, social and political risks that constitute top priorities of the European authorities. One key...

Persistent link: https://www.econbiz.de/10012017369

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