Author/Authors :
KAYA, Ahmet İhsan Hazine Müsteşarlığı, Turkey , ÇALIŞKAN, Zafer Hacettepe Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İktisat Bölümü, Turkey
Title Of Article :
THE EFFECT OF ECONOMIC FREEDOM ON HEALTH AND EDUCATION: PANEL DATA ANALYSIS
Abstract :
Economic freedom, as an indicator for institutional structure of countries, which is based on private property, rule of law, freedom of enterprise, free trade and competition is often considered to be an important factor on development process. In this study, the effects of both economic freedom and its components on development indicators such as health and education are examined with panel data analysis for 1970 - 2000 period by separating countries as high, upper-middle, lower-middle and low income. Results indicate that even if it differs for income groups, the effect of economic freedom on health and education indicators is positive. Besides, some of economic freedom components are found insignificant and some of the significant components suggest different results than the general index.
NaturalLanguageKeyword :
Economic freedom , health indicators , education indicators , panel data
JournalTitle :
Journal Of Economics and Administrative Sciences
