The Relationship Between Economic Freedom and Economic Growth in Turkiye
Session
Management, Business and Economics
Description
The economic freedoms (EF) and economic growth (EG) values of the countries are important for the country's economies. The economic freedom levels of the countries also have important effects on the investments to be made in the country. The economic freedom index consists of twelve sub-indices. The concept of economic growth, on the other hand, refers to the change in the country's production of goods and services and the income obtained from production compared to a period before. The economic freedom index is calculated annually, and the economic growth value is calculated annually or quarterly. In this study, it is aimed to investigate the relationship between economic freedom and economic growth variables in Turkey for the period 1995-2022. The relationship between the variables was analyzed with the help of ARDL test. As a result of the analysis, it was determined that the coefficient value of the relationship between the variables is meaningless in the long run.
Keywords:
Economic Freedom, Economic Growth, ARDL
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-95-6
Location
UBT Lipjan, Kosovo
Start Date
28-10-2023 8:00 AM
End Date
29-10-2023 6:00 PM
DOI
10.33107/ubt-ic.2023.162
Recommended Citation
ACAR, Mustafa Serdar and SOYDAL, Haldun, "The Relationship Between Economic Freedom and Economic Growth in Turkiye" (2023). UBT International Conference. 16.
https://knowledgecenter.ubt-uni.net/conference/IC/MBE/16
The Relationship Between Economic Freedom and Economic Growth in Turkiye
UBT Lipjan, Kosovo
The economic freedoms (EF) and economic growth (EG) values of the countries are important for the country's economies. The economic freedom levels of the countries also have important effects on the investments to be made in the country. The economic freedom index consists of twelve sub-indices. The concept of economic growth, on the other hand, refers to the change in the country's production of goods and services and the income obtained from production compared to a period before. The economic freedom index is calculated annually, and the economic growth value is calculated annually or quarterly. In this study, it is aimed to investigate the relationship between economic freedom and economic growth variables in Turkey for the period 1995-2022. The relationship between the variables was analyzed with the help of ARDL test. As a result of the analysis, it was determined that the coefficient value of the relationship between the variables is meaningless in the long run.