{"title":"Does economic freedom promote financial development? Evidence from EU\n countries","authors":"Anand Sharma, Vipin Sharma, Shekhar Tokas","doi":"10.59170/stattrans-2023-043","DOIUrl":null,"url":null,"abstract":"This study empirically investigates the relationship between economic freedom and\n financial development in EU countries. Using panel data covering the years 2000–2017 and\n employing fixed effects, random effects, and the generalised method of moments (GMM),\n the paper examines the effect of economic freedom on financial development. The research\n results demonstrate that greater economic freedom is conducive to financial development\n in the EU. These findings remain robust to the use of an alternative index of economic\n freedom. The results imply that policies which promote economic freedom are likely to\n raise the level of a country’s financial development.","PeriodicalId":37985,"journal":{"name":"Statistics in Transition","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2023-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Statistics in Transition","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.59170/stattrans-2023-043","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Mathematics","Score":null,"Total":0}
引用次数: 0
Abstract
This study empirically investigates the relationship between economic freedom and
financial development in EU countries. Using panel data covering the years 2000–2017 and
employing fixed effects, random effects, and the generalised method of moments (GMM),
the paper examines the effect of economic freedom on financial development. The research
results demonstrate that greater economic freedom is conducive to financial development
in the EU. These findings remain robust to the use of an alternative index of economic
freedom. The results imply that policies which promote economic freedom are likely to
raise the level of a country’s financial development.
期刊介绍：
Statistics in Transition (SiT) is an international journal published jointly by the Polish Statistical Association (PTS) and the Central Statistical Office of Poland (CSO/GUS), which sponsors this publication. Launched in 1993, it was issued twice a year until 2006; since then it appears - under a slightly changed title, Statistics in Transition new series - three times a year; and after 2013 as a regular quarterly journal." The journal provides a forum for exchange of ideas and experience amongst members of international community of statisticians, data producers and users, including researchers, teachers, policy makers and the general public. Its initially dominating focus on statistical issues pertinent to transition from centrally planned to a market-oriented economy has gradually been extended to embracing statistical problems related to development and modernization of the system of public (official) statistics, in general.
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