Economic freedom and economic growth: Does specification make a difference? Doucouliagos, Chris and Ulubasoglu, Mehmet Ali 2006, Economic freedom and economic growth: Does specification make a difference?, European Journal of Political Economy, vol. 22, no. 1, pp. 60-81. Attached Files Name Description MIMEType Size Downloads Title Economic freedom and economic growth: Does specification make a difference? Author(s) Doucouliagos, Chris orcid.org/0000-0001-5269-3556 Ulubasoglu, Mehmet Ali orcid.org/0000-0003-3055-5755 Journal name European Journal of Political Economy Volume number 22 Issue number 1 Start page 60 End page 81 Publisher Elsevier BV Place of publication Netherlands Publication date 2006-03 ISSN 0176-2680 1873-5703 Keyword(s) economic freedom economic growth investment specification bias meta-regression analysis Summary In this paper we apply meta-analytic techniques to the literature on the impact of economic freedom on economic growth and find an overall positive direct association between economic freedom and economic growth. A positive indirect effect of economic freedom on economic growth through the stimulation of physical capital is also identified. However, the literature is affected by specification bias with respect to controls for physical capital. The omission of physical capital results in larger estimates of the economic freedom–economic growth association. Further, the use of panel data leads to smaller estimates of the impact of economic freedom on economic growth. The meta-analysis is confirmed by primary cross-sectional and panel data analysis of 82 countries for the period 1970–1999. Language eng Field of Research 140202 Economic Development and Growth HERDC Research category C1 Refereed article in a scholarly journal Copyright notice ©2005 Elsevier B.V. Persistent URL http://hdl.handle.net/10536/DRO/DU:30003495 Document type: Journal Article Collections: Faculty of Business and Law School of Accounting, Economics and Finance Related Links Link Description Connect to published version (restricted access) Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Tue, 10 Feb 2009, 14:49:54 EST Tue, 25 May 2010, 13:42:59 EST Tue, 25 May 2010, 13:43:52 EST Tue, 25 May 2010, 13:45:18 EST Thu, 16 Feb 2012, 14:42:42 EST Fri, 13 Jun 2014, 23:28:40 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 150 times in Scopus Search Google Scholar Access Statistics: 1547 Abstract Views, 3 File Downloads  -  Detailed Statistics Created: Mon, 07 Jul 2008, 08:54:47 EST