NDLI: Monetary freedom and economic growth in New European Union Member States

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Monetary freedom and economic growth in New European Union Member States

Content Provider	Semantic Scholar
Author	Ivanović, Vladan Stanišić, Nenad
Copyright Year	2017
Abstract	This paper analyses the relationship between monetary freedom (index measured by the Heritage Foundation) and real economic growth of 11 new member states of the European Union. 19-year panel data regression with fixed effects over the period of 1997– 2015 reveals that the real GDP growth of the selected countries is positively affected by the degree of monetary freedom. However, the relationship between monetary freedom and real GDP growth has weakened after the global recession of 2008. Monetary freedom was not jeopardized during the crisis, while real GDP growth declined significantly in most of economies studied. Monetarna Sloboda I Gospodarski Rast U Novim Članicama Europske Unije SAŽETAK U radu se analizira odnos između monetarne slobode i gospodarskog rasta u 11 zemalja novih članica Europske unije. Uporabom devetnaestogodišnjih panel podataka (od 1997 do 2015) regresiona analiya sa fidkim efektima upućuje na zaključak da je na rast realnog GDP izabranih zemalja pozitivno uticao stupanj monetarne slobode. Međutim, veza između monetarne slobode i rasta realnog GDP slabi nakon globalne recesije iz 2008. Monetarne slobode nisu bile ugrožene tokom krize, dok je realni GDP u većini izabranih zemalja značajno opao.
File Format	PDF HTM / HTML
Alternate Webpage(s)	http://hrcak.srce.hr/file/266567
Language	English
Access Restriction	Open
Subject Keyword	Bile Duct Diseases Bile fluid Economic Growth Encephalitis, European Tick-Borne European Union Fixed effects model Guanosine Diphosphate Maianthemum trifolium Money Numerical aperture Panel data Radioallergosorbent Test Sodium Status Epilepticus
Content Type	Text
Resource Type	Article

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