THE IMPACT OF ECONOMIC FREEDOM ON GROWTH PROSPECTS OF SOUTHEAST EUROPEAN COUNTRIES

Emini, Edrina (2021) THE IMPACT OF ECONOMIC FREEDOM ON GROWTH PROSPECTS OF SOUTHEAST EUROPEAN COUNTRIES. International Scientific Journal in Economics, Finance, Business, Marketing, Management and Tourism, 8 (15-16). pp. 51-59. ISSN 2545-4544

Text Economic Vision, Vol.8, No.15_16 FINAL-51-59.pdf Download (911kB)

Abstract

The main purpose of this study is to investigate the impact of economic freedom on the economic growth of southeast European countries. The period of the study includes years from 2000-2019. For this purpose, we apply different estimation methodologies; OLS, fixed and random effects model, and instrumental (IV) variable model. The results suggest a positive impact of economic freedom and freedom to trade index on the GDP growth and a negative impact of regulations on SEE countries GDP. The policy implications of the study are expected to enhance the already reinforced relevant institutional policies aimed at enhancing the EU approximation path of the selected SEE countries into the European Union, thus, speeding up the real convergence of the selected SEE countries into European Union political and economic structure.

Item Type:	Article
Subjects:	Q Science > Q Science (General)
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Unnamed user with email zshi@unite.edu.mk
Date Deposited:	05 Oct 2021 16:59
Last Modified:	05 Oct 2021 16:59
URI:	http://eprints.unite.edu.mk/id/eprint/856

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