The Determinants of Economic Freedom: A Survey
Publication Date
11-6-2018
Abstract
A large literature has found positive associations between economic freedom and income, growth, and a variety of other desirable outcomes. This paper surveys the literature that seeks to explain the causes of economic freedom. Some of the most consistent findings in this literature are that current levels of economic freedom are strongly correlated with past levels; freer countries have more difficulty continuing to improve their economic freedom; democracy and political freedom are positively associated with economic freedom; and inequality is negatively related. We also survey scores of other variables that have positive and negative associations with levels and changes in economic freedom.
Document Type
Article
Keywords
Economic Freedom, Income, Growth, Democracy, Political Freedom, Inequality
DOI
10.2139/ssrn.3266641
Source
SMU Cox: Oneil (Topic)
Language
English
