Article ID Journal Published Year Pages File Type
980129 Procedia Economics and Finance 2015 10 Pages PDF
Abstract

This paper's goal is to analyze if national competitiveness is influenced by economic freedom and to find the nature of this influence. Analyzing data from Global Competitiveness Report and Economic Freedom of the World, it is revealed the existence of a positive connection, the level of economic freedom significantly influencing the competitiveness of selected countries. The regression analysis shows that countries rated as highly economically free are also perceived as being high competitive. The reasearch proved that standard of living, rate of employment, productivity, commercial equilibrium, national attractiveness, ability of objective implementation, are direct determined by economic freedom.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics