Journal of Undergraduate Research
Keywords
economic freedom, environmental quality, economic growth, developing nations
College
Family, Home, and Social Sciences
Department
Economics
Abstract
Among economists, there is an ongoing debate as to what factors cause economic growth in developing nations, and what the relative strengths of these factors are. Sachs and Warner published an influential paper in 1995 reporting on a study that found “developing countries with open economies grew by 4.5% a year in the 1970s and 1980s, but those with closed economies grew by only 0.7% a year” (The never-ending question). Adkins et al. find in their research that “increases in economic freedom are associated with improved economic performance in that increases in economic freedom move countries closer to the production frontier” (Adkins, 93). Although other causes of economic growth are less certain, economic freedom is widely accepted to encourage growth in developing nations.
Recommended Citation
Turley, Ty and Gardner, Dr. B. Delworth
(2013)
"The Effect of Economic Freedom on Environmental Quality and Economic Growth,"
Journal of Undergraduate Research: Vol. 2013:
Iss.
1, Article 165.
Available at:
https://scholarsarchive.byu.edu/jur/vol2013/iss1/165