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The relationship between economic freedom, political freedom and economic growth
Dissertation (MBA)--University of Pretoria, 2012.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613502007410688 |
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| access_status_str | Open Access |
| author2 | Saville, Adrian |
| author_browse | Saville, Adrian |
| author_facet | Saville, Adrian |
| collection | Thesis |
| dc_rights_str_mv | © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MBA)--University of Pretoria, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/30619 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:37:09.691Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/30619 The relationship between economic freedom, political freedom and economic growth Saville, Adrian ichelp@gibs.co.za Liebenberg, Andre UCTD Political freedom Economic growth Granger-causality Vector autoregression (VAR) Spearman’s rank-order correlation Economic freedom Dissertation (MBA)--University of Pretoria, 2012. The research aims to investigate the relationship between economic freedom, political freedom and economic growth. The Arab Spring placed renewed interest on the topic of freedom, yet current economic conditions seemingly contradicted the established theory. The largest free economies were being outperformed by those with less political and economic freedom.Three objectives were specified to answer the research question. The first objective aimed to determine the association between economic freedom, political freedom and economic growth, for which Spearman’s correlation was used. The second objective aimed to investigate causal relationships between the variables, for which Granger’s causality was employed. The third objective aimed to examine complex relationships between the variables, for which vector autoregression was used.Economic growth was weakly correlated with the independent variables. Civil liberties, political rights and economic freedom, however, had strong correlations with each other. Economic freedom and economic growth had bi-directional Granger-causality. Political rights Granger-caused economic freedom whilst civil liberties Granger-caused political rights and economic freedom. Using vector autoregression, the model consisting of economic growth, economic freedom and civil liberties had the greatest explanatory power towards economic growth. Existing theory therefore remains valid: political freedom enhances economic freedom, which, in turn, enhances economic growth.The relationship between economic freedom, political freedom and economic growth Gordon Institute of Business Science (GIBS) unrestricted 2013-09-07T19:24:16Z 2013-04-30 2013-09-07T19:24:16Z 2013-04-25 2012 2013-02-23 Dissertation Liebenberg, A 2012, The relationship between economic freedom, political freedom and economic growth, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/30619 > F13/4/192/zw http://hdl.handle.net/2263/30619 http://upetd.up.ac.za/thesis/available/etd-02232013-123734/ © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Political freedom Economic growth Granger-causality Vector autoregression (VAR) Spearman’s rank-order correlation Economic freedom The relationship between economic freedom, political freedom and economic growth |
| title | The relationship between economic freedom, political freedom and economic growth |
| title_full | The relationship between economic freedom, political freedom and economic growth |
| title_fullStr | The relationship between economic freedom, political freedom and economic growth |
| title_full_unstemmed | The relationship between economic freedom, political freedom and economic growth |
| title_short | The relationship between economic freedom, political freedom and economic growth |
| title_sort | relationship between economic freedom political freedom and economic growth |
| topic | UCTD Political freedom Economic growth Granger-causality Vector autoregression (VAR) Spearman’s rank-order correlation Economic freedom |
| url | http://hdl.handle.net/2263/30619 http://upetd.up.ac.za/thesis/available/etd-02232013-123734/ |