The authors extend earlier models of economic growth and development by exploring the effect of economic freedom on U.S. state employment growth. They find that states with greater economic freedom—defined as the protection of private property and private markets operating with minimal government inte...
Are state bond ratings, ceteris paribus, related to economic freedom? We test for the relationship between economic freedom and an aggregate index comprised of ratings by Standard & Poor, Moody's, and Fitch. We also test for a relationship between economic freedom and the ratings by these ...
Mapped: The State of Economic Freedom in 2023 Published 2 years ago on June 6, 2023 By Avery Koop Graphics/Design: Joyce Ma Can I share this graphic?Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this...
and press freedom, has a positive effect on perceived level of corruption control; 2) state strength has a positive direct effect; 3) openness of the economy, as measured by economic freedom, has a positive effect; and 4) ethnolinguistic fractionalization has both direct and indirect negative ef...
In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and ...
Economic FreedomEmploymentDevelopmentWe extend earlier models of economic growth and development by exploring the effect of economic freedom on U.S. state employment growth. We find that states with greater economic freedom - defined as the protection of private property and private markets operating ...
However, attempts to capture economic freedom at the sub-national level of state governments are rare, although very pertinent in a federal country like India. Many areas of economic decision making in India fall under the jurisdiction of state governments, and are listed in the Seventh Schedule ...
As socialists see it, true freedom and true equality require social control of the resources that provide the basis for prosperity in any society. Karl Marx and Friedrich Engels made this point in Manifesto of the Communist Party (1848) when they proclaimed that in a socialist society “the ...
LABOR FREEDOM Labor policy has been a key variable in the IEFMethodology. A composite measure of the ability of workers and businesses to interact without restriction by the stateThe following components are weighted equally: Minimum wage, Rigidity of hou 23、rs, Difficulty of firing redundant ...
The article aims to examine whether or not the economic freedom (EFI) matters for the control of corruption (COR). The relationship between variables of interest is explored in three panels. The first overall panel contains 113 countries; the second contains 36 developed countries, while the thir...