Does Economic Freedom Improve Macroeconomic Performance? A New Research with the PVAR Method in the G-7 Group

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dc.contributor.authorÖzsolak, Baki
dc.contributor.authorKum, Hakan
dc.date.accessioned2025-03-06T21:04:08Z
dc.date.available2025-03-06T21:04:08Z
dc.date.issued2021
dc.departmentÇağ Üniversitesi
dc.description.abstractThe relationship between economic freedom (EF) and growth (GDP) has been the subject of a lot of research recently. The aim of this study is to examine the relationship between EF and GDP in G-7 countries. In the study, 1996-2019 observation period and panel vector autoregression (PVAR) analysis were used as econometric method. In the study, EF variable is included in the equation as subcomponents. A positive relationship was determined between GDP and public expenditures and government integrity variables, which are subcomponents of EF. However, there is a negative relationship between the other three variables and GDP. According to causality analyses, there is an absolute relationship between GDP and EF. In this study, the relationship between EF and macro performance was analyzed again using the most up-to-date and reliable data. Contrary to the general literature, the results show a negative relationship between EF and growth. In addition, many studies in the literature as an econometric method only make causality or coefficient estimation. However, in this study, the PVAR analysis method, in which both causality and regression estimates are presented together, was used. These three cases show the main original contributions of the study to the literature.
dc.identifier.endpage20
dc.identifier.issn1304-8392
dc.identifier.issue1
dc.identifier.startpage9
dc.identifier.urihttps://hdl.handle.net/20.500.12507/2282
dc.identifier.volume18
dc.language.isoen
dc.publisherÇağ Üniversitesi
dc.relation.ispartofÇağ University Journal of Social Sciences
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_DergiPark_20250215
dc.subjectEconomic Freedom
dc.subjectMacroeconomic Performance
dc.subjectGDP
dc.subjectPVAR
dc.subjectCasuality
dc.titleDoes Economic Freedom Improve Macroeconomic Performance? A New Research with the PVAR Method in the G-7 Group
dc.typeArticle

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