In this paper we will present theresults of our survey on Economic Freedom, andimpact of its individual categories on economic growthin former socialist countries which have joined theEuropean Union (Bulgaria, Croatia, Czech Republic,Estonia, Hungary, Latvia, Lithuania, Poland,Romania, Slovak Republic and Slovenia). To measureeconomic freedom we will use The Index of EconomicFreedom published by the Heritage Foundation incooperation with the Wall Street Journal. We find thateconomic freedom has a positive, but statisticallyinsignificant impact on economic performance. Ourresult also indicates that individual categories of theEconomic Freedom have a different impact oneconomic performance.
SUMMARYIn this paper, we will present the results of our survey on economic freedom and entrepreneurial activity. We have conducted our analysis on EU 11countries
In this paper we will present the results of our survey on economic freedom, and its impact on economic growth in Bosnia and Herzegovina and Republic of Croatia. To measure economic freedom we will use the Index of Economic Freedom published by the Heritage Foundation in cooperation with the Wall Street Journal. Our basic assumption is that increase of the economic freedom will lead to the real GDP growth. To test our assumption, we will use the regression analysis. We find that economic freedom has strong but different impact on GDP growth for both countries.
Abstrakt: U ovom radu rezultate istraživanja o uticaju ekonomskih sloboda na ekonomski rast u Bosni i Hercegovini i Republici Hrvatskoj. Nivo ekonomskih slobodaIndeksom Ekonosmkih sloboda koji objavljuje Heritidž Fondacija u kooperaciji sa Vol Strit Žurnalom. Osnovna pretpostavka u našem radu je da ekonomskih sloboda dovesti do rasta BDP-a. Da bi testirali našu pretpostavku regresionu analizu. Rezultati do kojih smo došli pokazuju da rast ekonomskih sloboda ima snažan, ali i uticaj na rast BDP-a za obje zemlje.
Economic theory suggests that free capitalflows increase the efficiency of the resource allocation, andstimulate economic growth. Foreign direct investment (FDI)is seen as a kind of cure for all economic problems incountries that do not have a sufficient level of accumulationfor starting economic growth. In this paper we willinvestigate the impact of FDI on economic growth inCommonwealth of Independent States (Armenia, Azerbaijan,Belarus, Kazakhstan, Kyrgyzstan, Moldova, RussianFederation, Tajikistan and Ukraine) for the 2000-2015period. Our assumption is that increase in FDI inflow willhave positive impact on economic growth. The analyisis wascarried out using the ARDL (Pooled Mean Group/ARDistributed Lag Models). This model is particularlyconvenient in a situation where all variables are stationaryat different levels. The results shows strong and positiveimpact of FDI on economic growth.
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