Steady state economic freedom

Economic Freedom

Most studies of the relation between economic freedom and growth of GDP have found a positive relation. One problem in this area is the choice of economic freedom measure. A single measure does not reflect the complex economic environment and a highly aggregated index makes it difficult to draw policy conclusions. In this paper we investigate what specific types of economic freedom measures tha...

The Effects of Banking Facilities on Economic Growth (Steady-State approach)

The purpose of this paper is to investigate the effect of banking facilities on economic growth with a steady-state approach. The econometric analysis of the paper is based on The Generalized method of Movements (GMM), using data for the period 1991-2017 collected from different data basis. The results show that banking facilities have a positive and significant impact on the economic sectors. ...

Economic Freedom and Economic Volatility

Theory suggests that economic freedom—measured by the Economic Freedom of the World Index (EFW) -may increase or decrease economic volatility. Similar to previous literature, we empirically test the relationship between economic freedom and economic volatility, but we differ from the literature in how we account for (1) changes in EFW, and (2) the nonlinear relationship between freedom and vola...

Economic Freedom, Economic Growth And Governments Tax Revenue In (MENA)

Cooperation of model predictive control with steady - state economic optimisation

Abstract: The problem of cooperation of Model Predictive Control (MPC) algorithms with steady-state economic optimisation is investigated in this paper. It is particularly important when the dynamics of disturbances is comparable with the dynamics of the process, since in such a case the classical hierarchical multilayer structure is likely to be not efficient and give the economic yield smalle...