Hefner, Frank; Witte, Mark David - In: European Journal of Comparative Economics 10 (2013) 1, pp. 27-47
Given the wide use of economic freedom in economic literature it is imperative to understand how economic freedom evolves. Results suggest that levels of economic freedom are dominated by random shocks. Using a test for stationarity devised by Westerlund and Larsson (2012) we are unable to...