Causality between Economic Freedom and Its Components in Türkiye

Home Page
About
Submit A Journal
Submit A Conference
Submit Paper/Book
- Submit a Preprint
- Submit a Book
Contact

Optimum Ekonomi ve Yönetim Bilimleri Dergisi
Cilt: 12 Sayı: 2
Causality between Economic Freedom and Its Components in Türkiye

Causality between Economic Freedom and Its Components in Türkiye

Pages : 407-423

View : 37 | Download : 36

Publication Date : 2025-07-01

Article Type : Research Paper

Abstract :Economic freedom is known to be a significant driver towards achieving economic growth. This study is essential to shed light on this issue by analysing how the components and the EFI are linked, to plan suitable policies toward improving EFI, thus promoting GDP per capita and economic growth in Türkiye. Hence, the frequency-domain causality test is used to investigate the link between the components and EFI. Empirical analyses are carried out employing time series data covering the years from 2000Q1 to 2021Q4. The estimation results of the frequency-domain causality test confirm that there is a causality running from LSG, LPR, and LFT to LEFI, whereas no causality is confirmed from LSM and LR to LEFI. Supporting the VAR-based Granger Causality test results, no causality was detected running from LEFI to the components, except the causality running from economic freedom to the government’s size in the long run and short run.
Keywords : Türkiye, Ekonomik Özgürlük, Frekans Alanı Nedenselliği, VAR Tabanlı Granger Nedenselliği

ORIGINAL ARTICLE URL

* There may have been changes in the journal, article,conference, book, preprint etc. informations. Therefore, it would be appropriate to follow the information on the official page of the source. The information here is shared for informational purposes. IAD is not responsible for incorrect or missing information.