Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2023.2175007
Economic freedom influences economic growth and unemployment: an analysis of the Eurozone
Roberto Cervelló-Royo
Carlos Devece
Cristina Blanco-González Tejero
Sažetak
Lack of economic growth and a high unemployment rate imply poverty
and inequality. Economic freedom is considered a relevant
explanatory factor for growth, employment and the distribution of
income. The present research work addresses how policy makers
should take into account economic freedom aspects to effectively
enhance a country’s economic growth and lower its unemployment
rate. This study analyses the effect of four components of economic
freedom (business freedom, labour freedom, government integrity,
tax burden) on the mean GDP growth of the last 5 years, and also on
unemployment. A cross-national analysis, based on data from the 23
Eurozone3 (Eurozone and part of its enlargement) Member
Countries, examines the causal configurations of GDP and unemployment
by a fuzzy-set qualitative comparative analysis. The results suggest
that the combination of high levels of business freedom, labour
freedom and government integrity triggers high levels of economic
growth and lowers the unemployment rate.
Ključne riječi
Economic freedom; fuzzyset qualitative comparative analysis; economic growth; unemployment rate; Eurozone
Hrčak ID:
306841
URI
Datum izdavanja:
30.4.2023.
Posjeta: 534 *