2010
DOI: 10.1016/j.ecosys.2010.03.001
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Economic freedom as driver of growth in transition

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Cited by 26 publications
(9 citation statements)
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References 51 publications
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“…Also, lagged growth and gross capital formation had strong positive impacts on economic growth. Such evidence is in line with Sturm and Haan (2001) and, more recently, with Pääkkönen (2010) who also concluded that non-linearities are present in the growth model. Surprisingly, in contrast to other research by, for example, Haydaroglu (2016) we could not document the importance of foreign direct investments for growth.…”
supporting
confidence: 83%
“…Also, lagged growth and gross capital formation had strong positive impacts on economic growth. Such evidence is in line with Sturm and Haan (2001) and, more recently, with Pääkkönen (2010) who also concluded that non-linearities are present in the growth model. Surprisingly, in contrast to other research by, for example, Haydaroglu (2016) we could not document the importance of foreign direct investments for growth.…”
supporting
confidence: 83%
“…[insert Table 1 here] To test our hypotheses empirically, we use the dynamic GMM method proposed by Arellano and Bond (Arellano & Bover, 1995;Blundell & Bond, 1998). The procedure for applying this technique is well-documented by Pääkkönen (2010) or Lee and Kim (2009). It requires that the equation is firstdifferenced to eliminate the heterogeneity in production function.…”
Section: Data and Methods Descriptionmentioning
confidence: 99%
“…In line with Pääkkönen’s study (2010), we utilise yearly data for the period from 1996 to 2008. We exclude the initial transition years from the analysis, since the outset of transition entailed profound systemic changes (Fidrmuc, 2003).…”
Section: Data and Methods Descriptionmentioning
confidence: 99%
“…The procedure for applying this technique is well-documented by Eicher and Schreiber (2010), Lee andKim (2009), andPääkkönen (2010). It requires that the equation is first-differenced to eliminate the heterogeneity in production functions and then an instrumental variable method is applied on the differenced model, with lagged values of the endogenous variables used as instruments for the variables themselves.…”
Section: Data and Methods Descriptionmentioning
confidence: 99%