THE IMPACT OF ECONOMIC FREEDOM ON INCOME IN LEAST DEVELOPED COUNTRIES

Year 2017, Volume: 22 Issue: 3, 891 - 902, 30.07.2017

Taner Güney

Abstract

The purpose of this study is to analyze the impact of economic freedom in least developed countries (LDC) on per capita income. For this purpose, estimates were made through the Generalized Least - Square Method for 21 LDC'-s during the period of 1970-2014. According to the results of this estimate, which used two different economic freedom variables, economic freedom has a positive and statistically significant impact on per capita income. Accordingly, the level of economic freedom causes an increase in per capita income. Therefore, materialization of policies in LDC'-s that will increase the level of economic freedom may contribute to an increase in per capita income.

Keywords

Personal Income, Economic Freedom, Least Developed Countries, Panel Data

EN AZ GELİŞMİŞ ÜLKELERDE EKONOMİK ÖZGÜRLÜĞÜN GELİR ÜZERİNDEKİ ETKİSİ

Abstract

Bu çalışmanın amacı en az gelişmiş ülkeler (EAGÜ)lerde ekonomik özgürlüğün kişi başına düşen gelir üzerindeki etkisini analiz etmektir. Bu amaçla EAGÜ 21 ülke için, 1970-2014 döneminde, Genelleştirilmiş En Küçük Kareler yöntemiyle tahminler yapılmıştır. İki farklı ekonomik özgürlük değişkeninin kullanıldığı tahmin sonuçlarına göre, ekonomik özgürlük kişi başına gelir üzerinde pozitif yönlü ve istatistiksel olarak anlamlı bir etkiye sahiptir. Buna göre ekonomik özgürlük düzeyi kişi başına gelir düzeyinin yükselmesine neden olmaktadır. Dolayısıyla EAGÜ'lerde ekonomik özgürlük düzeyinin yükseltilmesine neden olacak politikaların hayata geçirilmesi kişi başına gelir düzeyinin yükselmesine katkı sağlayabilir.

Keywords

: Kişisel Gelir, Ekonomik Özgürlük, , En Az Gelişmiş Ülke, Panel Veri

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