the role of business environment and economic freedom on economic growth in selected countries by using panel data during 2004-2013

abstract production is a process by which a productive activity will require some conditions (before and after the start of the production). one of the most important pre-required factors for start up a production unit is suitable business environment. one of the most important factors that must be provided after the start of production -during the production process and the time to market and export- is economic freedom. hence, this paper explores the impact of business environment and economic freedom on economic growth in 30 selected countries during 2004-2013. panel data estimation results indicate that business environment and economic freedom have positive and significant relationship with economic growth. our findings show that the impact of economic freedom on economic growth is greater than the business environment.