Impact of economic freedom on economic growth

REVISTA DE GESTAO E SECRETARIADO-GESEC(2023)

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Abstract
This article analyzes the impact of economic freedom and traditional economic factors on economic growth in two panels. The first panel is made up of countries with advanced economies and the second is made up of countries with emerging economies. Economic growth has been observed over a ten-year period (2010-2019) for 119 countries. Using the dynamic panel model with threshold, it is concluded that the level of total investment affects the relationship of economic freedom to economic growth, which assumes a different level of impact in the lower and upper investment regimes, and for the advanced and emerging economies.
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Key words
Advanced Economies, Emerging Economy, Nonlinear Model
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