Policies that encourage free movement of products, capital, and information, while keeping economic restrictions and public sector interference at minimal levels enhance economic growth

See The relationship between economic freedom and economic growth by Chiwenga Chrispen of The Jagiellonian University in Cracow, Poland.

Abstract

"Since the great depression, the general trend of world economic growth and prosperity has been at a steady increase. Classical growth theories have failed to explain these trends in full, which triggers a need for a different approach in explaining economic growth. This research to that end has been conducted to examine the relationship between economic freedom and economic growth. The study was conducted using annual time-series data for Poland from 2000-2017. The research was carried out using the Economic Freedom of the World Index from the Fraser Institute. The OLS regression results proved that overall economic freedom and all its components have a significant positive effect on economic growth. Based on the results of this research policymakers are recommended to enforce policies that encourage free movement of products, capital, and information, while keeping economic restrictions and public sector interference at minimal levels."