Economic Freedom and Inflation: a Cross-Country analysis

Subject Areas : Labor and Demographic Economics

Received: 2015-04-29 Accepted : 2015-04-29 Published : 2009-04-01

Keywords: Inflation, MENA Region, Economic Freedom,

Abstract :

     In this article, the effects of economic freedom on inflation in the Middle East and North of Africa (MENA) region have been evaluated during 1996-2006 by applying panel data regression analysis on the basis of Gordon Triangular Inflation Model. The results show that economic freedom leaves no significant effects on inflation in the menthioned region during the specified period.           

References:

منابع

- اخوی احمد (1374): " اقتصاد کلان:پایه ای وکاربردی"، موسسه مطالعات و پژوهش­های بازرگانی.

- اشرف زاده، سید حمیدرضا و مهرگان، نادر (1387): " اقتصاد سنجی پانل دیتا"، موسسه تحقیقات تعاون، دانشگاه تهران.

- شیرین بخش، شمس ا... و حسن خوانساری، زهرا (1384): " کاربردEviewsدر اقتصاد سنجی"، پژوهشکده امور اقتصادی، تهران

- فریدمن میلتون و رز(1378):"آزادی انتخاب"، نشر وپژوهش فرزان روز، تهران

 

- Banain King &Luksetich William A. (2001), Central bank independence, economic freedom and inflation rate, Economic  Inquiry, Volume 39,p.149-161.

- Barro Robert J.  &Wha Lee Jong, (2005), IMF programs: Who is chosen and what are effects? ,   Journal of Monetary Economics, Volume 52, Issue 7, p. 1245-1269.

- Boockmann Bernhard &Dreher Alex (2003), The contribution of the IMF and World Bank to economic freedom, European Journalof Political Economy, Volume 19, Issue 3, p.633-649.

- Carare Alina& Ston Mark R. (2006), Inflation, targeting regimes, European Economic Review, Volume50, Issue 5, p.1297-1315

- Daniels Joseh P. & Van-Hoose David D.(2006) ,Openness, the sacrifice ratio, and inflation: Is there a puzzle? ,Journal of international Money and Finance, No. 25, p.1336-1347.

- De-Haan Jakob & Strum Jan-Egbert (2000), On the relationship between economic freedom and economic growth, Volume 16, Issue 2, p.215-241.

- Gwartney James & Lawson Robert (2003), The concept and measurement of economic freedom, European Journal of Political Economy, Volume19, p.405-430.

-Heckelman Jac C. & Stroup Michael D. (2005), A comparison of aggregation methods for measures of economic freedom, European Journal of Political Economy, Volume21, p.953-966

- Jin Jang C. (2006), Openness growth and inflation: Evidence from South Korea before the economic crises, Journal of Asian Economic, No 17, p.738-757

- Romer D., (1993), Openness and Inflation: Theory and Evidence. Quarterly Journal of Economics, 58: 869-903

- Siklos Pierre L. (2008), No signal definition of central bank independence is right for all countries, European Journal of Political Economy, Volume24, Issue4, p.802-816

-Terra C., (1998), Openness and Inflation: A New Assessment. Quarterly Journal of Economics.63, 641-648

- www.heritage index.org

- World Data Indicator (WDI), 2008, [CD-ROM].