FRESH EVIDENCE ON THE INVESTMENT-ECONOMIC FREEDOM-GROWTH NEXUS IN OECD MEMBER STATES

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dc.authoridSatrovic, Elma/0000-0002-8000-5543
dc.contributor.authorSatrovic, Elma
dc.contributor.authorMuslija, Adnan
dc.date.accessioned2025-03-07T20:12:53Z
dc.date.available2025-03-07T20:12:53Z
dc.date.issued2019
dc.departmentÇağ Üniversitesi
dc.description39th International Scientific Conference on Economic and Social Development - Sustainability from an Economic and Social Perspective -- APR 29-30, 2019 -- Lisbon, PORTUGAL
dc.description.abstractThis paper aims to explore the nexus between investment, economic freedom and economic growth in the sample of 35 OECD member states in the time span 1996-2015. The empirical methodology relies on the panel VAR model. The findings of trivariate model suggest a significant negative response of GFC to EFI. Investment is however found to respond positively to the improvements in real GDP per capita. With regard to GDP it is found to respond negatively to the GFC as well as EFI. Lastly, economic freedom is found to respond negatively to GFC but positively to GDP. IRFs displaythe response of EFI to GDP to be negative only in the short-run reaching the positive value at the end of the period of interest. Similar conclusion can be drawn for the response of EFI to GFC. GDP is found to have a positive response to the EFI in both, short- and the long-term. Similar conclusion can be drawn for the response of GDP to GFC. GFC positively responds to and to GDP. This paper suggests a necessity for policy makers to support the economic freedom since it has a great potential to contribute to the both, investments and final the economic growth of the countries of interest.
dc.description.sponsorshipVarazdin Dev & Entrepreneurship Agcy,Univ Lusofona, Ctr Pesquisa & Estudos Sociais,Univ Lusofona, Ctr Investingacao Ciencia Politica Relacoes Internacionais & Seguranca,Fundacao Ciencia & Tecnologia,Univ Aveiro, Res Unit Governance, Competitiveness & Publ Policies,Univ N,Univ Warsaw, Fac Management,Mohammed V Univ Rabat, Fac Law, Econ & Social Sci Sale
dc.identifier.endpage152
dc.identifier.issn1849-6903
dc.identifier.issn1849-7535
dc.identifier.startpage140
dc.identifier.urihttps://hdl.handle.net/20.500.12507/2789
dc.identifier.wosWOS:000471848300016
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherVarazdin Development & Entrepreneurship Agency
dc.relation.ispartofEconomic and Social Development (Esd): 39th International Scientific Conference on Economic and Social Development - Sustainability From An Economic and Social Perspective
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20241226
dc.subjecteconomic freedom
dc.subjecteconomic growth
dc.subjectinvestment
dc.subjectpanel VAR
dc.titleFRESH EVIDENCE ON THE INVESTMENT-ECONOMIC FREEDOM-GROWTH NEXUS IN OECD MEMBER STATES
dc.typeConference Object

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