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Student Research

THE IMPACT OF ECONOMIC FREEDOM ON SELECTED SOUTHEAST ASIAN COUNTRIES’ ECONOMIC GROWTH

Cera, Catherine DH. 
Erni, Nikki Dianne D. 
October 2011

 

Abstract

 

Focusing on the selected developing Southeast Asia countries, this study provides evidence on how economic freedom affects the level and growth of economic activities. The utilization of multiple regression analysis using the Ordinary Least Squares (OLS) method verified that trade openness, private property rights protection and government spending are significant factors affecting economic growth. The results revealed that trade openness and legal protection of private property rights have positive effect on economic growth. On the contrary, rising government spending resulted to a decrease in economic growth due to the tendency of misallocation of resources. The study concluded that some selected components of economic freedom foster growth while others do not.

 

Keywords: economic freedom, economic growth, trade openness, private property rights, government spending

 

 

 


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