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, ChrisORCID iD for Doucouliagos, Chris
Ulubasoglu, Mehmet AliORCID iD for Ulubasoglu, Mehmet Ali
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
Keyword(s) economic freedom
economic growth
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

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
Connect to link resolver
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in TR Web of Science
Scopus Citation Count Cited 134 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 1374 Abstract Views, 3 File Downloads  -  Detailed Statistics
Created: Mon, 07 Jul 2008, 08:54:47 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact