Political freedom, economic freedom, and income convergence: Do stages of economic development matter?

被引：27
|
作者：
Xu, Zhenhui [1 ,2 ]
Li, Haizheng [3 ]
机构：
[1] Georgia Coll, Sch Business, CBX 14, Milledgeville, GA 31061 USA
[2] State Univ, Milledgeville, GA 31061 USA
[3] Georgia Inst Technol, Sch Econ, Atlanta, GA 30332 USA
来源：
PUBLIC CHOICE | 2008年 / 135卷 / 3-4期
关键词：
income convergence; economic freedom; political freedom; stages of development; OECD countries;
D O I：
10.1007/s11127-007-9253-y
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In the literature, theory and empirical evidence on the nexus of political freedom, economic freedom, and economic growth are mixed. In this paper, we test the hypothesis that the effect of political freedom on promoting economic growth is realized and detectable at later stages of social and economic development. Using panel data for a sample of 104 countries between 1970 and 2003, we find strong support for our hypothesis. While economic freedom has greater effects on income convergence in the OECD countries, political freedom clearly promotes the convergence among those OECD countries.
引用
收藏
页码：183 / 205
页数：23
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