Research Information System
Actual Problems of Economics, vol.168, no.6, pp.62-73, 2015 (Scopus)
This study examines the impact of economic freedom, political stability and economic policy uncertainty in the United States on economic growth in emerging Asian countries during the period 2002-2013 using Westerlund’s Durbin-Hausman cointegration tests and Dumitrescu-Hurlin panel causality test. A long-run relationship between economic growth, political stability, economic freedom and economic policy uncertainty in the US has been founded. Economic freedom and political stability had positive impact on economic growth, while economic policy uncertainty in the US had mixed impact on economic growth. The Dumitrescu-Hurlin panel causality test demonstrated a unidirectional causality from economic freedom to economic growth and from economic growth and economic policy uncertainty in the US, while there was bidirectional causality between political stability and economic growth.