Title

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

Share

COinS