Cover Image

Economic freedom, inequality and growth

The importance and impact of economic freedom and income inequality on economic growth has been extensively investigated. Income inequality itself is a problem that needs to be addressed. Yet, the dilemma whether economic freedom and income inequality actually help to explain the corresponding diffe...

Full description

Saved in:
Bibliographic Details
Main Authors: Ismail, Norhazlin, Law, Siong Hook
Format: Conference or Workshop Item
Language:English
Published: School of Social Sciences, Universiti Sains Malaysia 2012
Online Access:http://psasir.upm.edu.my/id/eprint/51365/1/13-16.pdf
http://psasir.upm.edu.my/id/eprint/51365/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.upm.eprints.51365
record_format eprints
spelling my.upm.eprints.513652017-04-04T03:34:08Z http://psasir.upm.edu.my/id/eprint/51365/ Economic freedom, inequality and growth Ismail, Norhazlin Law, Siong Hook The importance and impact of economic freedom and income inequality on economic growth has been extensively investigated. Income inequality itself is a problem that needs to be addressed. Yet, the dilemma whether economic freedom and income inequality actually help to explain the corresponding differences in and across countries economic growth rates are still in debate. Thus, the aims of this study were to examine the link between income inequality and economic growth, and to determine the effect of economic freedom on economic growth. Data were gathered from 44 developing countries from year 1976 to 2005 and analysed using a dynamic panel GMM estimation technique. Besides, the economic freedom, income inequality and economic growth data, data on institutional, investment, population and human capital are added to control variation in economic growth. It is argued that there are interactions between economic freedom, income inequality and economic growth. The empirical results reveal that economic freedom and income inequality are statistically significant determinants of economic growth. Improvement in both economic freedom and income equality lead to economic growth. Increasing the economic growth had been the centre of economic policymaking in many countries around the globe. As such, the issues presented in this study would serve as important guidelines towards understanding the influence of the economic variables and provides a platform for debate on the experiences of developing countries in increasing the economic growth in their countries. School of Social Sciences, Universiti Sains Malaysia 2012 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/51365/1/13-16.pdf Ismail, Norhazlin and Law, Siong Hook (2012) Economic freedom, inequality and growth. In: USM-AUT International Conference (UAIC) 2012, 17-18 Nov. 2012, Bayview Beach Resort, Penang, Malaysia. (pp. 683-690).
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description The importance and impact of economic freedom and income inequality on economic growth has been extensively investigated. Income inequality itself is a problem that needs to be addressed. Yet, the dilemma whether economic freedom and income inequality actually help to explain the corresponding differences in and across countries economic growth rates are still in debate. Thus, the aims of this study were to examine the link between income inequality and economic growth, and to determine the effect of economic freedom on economic growth. Data were gathered from 44 developing countries from year 1976 to 2005 and analysed using a dynamic panel GMM estimation technique. Besides, the economic freedom, income inequality and economic growth data, data on institutional, investment, population and human capital are added to control variation in economic growth. It is argued that there are interactions between economic freedom, income inequality and economic growth. The empirical results reveal that economic freedom and income inequality are statistically significant determinants of economic growth. Improvement in both economic freedom and income equality lead to economic growth. Increasing the economic growth had been the centre of economic policymaking in many countries around the globe. As such, the issues presented in this study would serve as important guidelines towards understanding the influence of the economic variables and provides a platform for debate on the experiences of developing countries in increasing the economic growth in their countries.
format Conference or Workshop Item
author Ismail, Norhazlin
Law, Siong Hook
spellingShingle Ismail, Norhazlin
Law, Siong Hook
Economic freedom, inequality and growth
author_facet Ismail, Norhazlin
Law, Siong Hook
author_sort Ismail, Norhazlin
title Economic freedom, inequality and growth
title_short Economic freedom, inequality and growth
title_full Economic freedom, inequality and growth
title_fullStr Economic freedom, inequality and growth
title_full_unstemmed Economic freedom, inequality and growth
title_sort economic freedom, inequality and growth
publisher School of Social Sciences, Universiti Sains Malaysia
publishDate 2012
url http://psasir.upm.edu.my/id/eprint/51365/1/13-16.pdf
http://psasir.upm.edu.my/id/eprint/51365/
_version_ 1643834934361587712
score 13.211869

Similar Items