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ZENODO
Article . 2023
License: CC BY
Data sources: ZENODO
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
ZENODO
Article . 2023
License: CC BY
Data sources: Datacite
ZENODO
Article . 2023
License: CC BY
Data sources: Datacite
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Does Economic Freedom Bolster Economic Performance?

Authors: Baneng Naape;

Does Economic Freedom Bolster Economic Performance?

Abstract

In recent times, endogenous factors such as institutional quality and economic liberty have become prerequisites for economic growth and development. As such, evidence on the association between unconventional growth determinants and national income is crucial for informed policymaking. Against this backdrop, the focus of this study is to explore the bivariate relationship between economic liberty and economic growth in the Southern African Development Community (SADC) region. Given the characteristics of the variables, the study made use of the Panel Estimated Generalized Least Squares technique and Granger causality analysis. The study established the presence of a positive and robust association between components of economic liberty and economic growth. This implies that less government interference in the economic and financial system as well as the absence of tariff and non-tariff barriers, bolster economic growth at least in the SADC region. Furthermore, findings from the Granger causality analysis revealed that economic liberty and economic growth are jointly determined. In light of the above positive findings, there exists a need to deepen regional integration among SADC member states through increased intra-regional trade and financial integration, identifying potential value chains and implementing both hard and soft infrastructure to reduce the cost of doing business.

Related Organizations
Keywords

HB1-3840, economic freedom, economic growth, SADC, panel EGLS, sadc, panel egls, Commercial geography. Economic geography, Economic theory. Demography, HF1021-1027, economic freedom, economic growth

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
gold