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Ranking of Developing Countries Based on the Economic Freedom Index

[journal article]

Zirak, Masoumeh
Mehrara, Mohsen

Abstract

In this paper we’ve ranked developing countries based on the Economic Freedom index. Therefore we are trying to do the analysis how this ranking is done using numerical taxonomic methodology. To do this, by estimating the effects of the determinants of FDI in 123 developing countries from 1997 to 20... view more

In this paper we’ve ranked developing countries based on the Economic Freedom index. Therefore we are trying to do the analysis how this ranking is done using numerical taxonomic methodology. To do this, by estimating the effects of the determinants of FDI in 123 developing countries from 1997 to 2010, results showed that with regard to the degree of economic freedom or Economic openness, attract foreign direct investment in each country is different. In this study china, Equator, Liberia, Azerbaijan, Angola, Turkmenistan, Cape Verde, Kazakhstan, Panama, Vietnam, Bulgaria, Congo, Maldives, Bahrain, Cambodia, Jordan, Malaysia, Mongolia, Sudan, Trinidad, Belarus, Lesotho, Russian are the top 23 countries have been successful in attracting foreign direct investment thanks to appropriate economic and structures policies.... view less

Keywords
developing country; economic development (on national level); economic policy; structural policy; direct investment; foreign investment

Classification
National Economy

Free Keywords
Economic Freedom; FDI; Numerical Taxonomy

Document language
English

Publication Year
2013

Page/Pages
p. 32-38

Journal
International Letters of Social and Humanistic Sciences (2013) 2

ISSN
2300-2697

Status
Published Version; peer reviewed

Licence
Creative Commons - Attribution 4.0


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
Based on DSpace, Copyright (c) 2002-2022, DuraSpace. All rights reserved.