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This paper tests the hypothesis that the presence of economic inequality may lead to erosions of economic freedom …. Using Economic Freedom of the World as a measure of free economic institutions, it finds that a one standard deviation … economic freedom, this evidence underscores the importance of stressing reforms free market proponents are confident will …
Persistent link: https://www.econbiz.de/10013033572
In this contribution we study the relationship between income inequality and economic freedom for a panel of 100 … economic freedom, while causation does not run in the opposite direction. We argue that the negative effect of inequality on … resources. The elite uses this power to curtail economic freedom to defend its economic interests by discouraging innovation …
Persistent link: https://www.econbiz.de/10011411131
Persistent link: https://www.econbiz.de/10011715064
In this contribution we study the relationship between income inequality and economic freedom for a panel of 100 … economic freedom, while causation does not run in the opposite direction. We argue that the negative effect of inequality on … resources. The elite uses this power to curtail economic freedom to defend its economic interests by discouraging innovation …
Persistent link: https://www.econbiz.de/10011403647
Some blame free-market capitalism for increasing income inequality, arguing that the richer classes could block access … inequality rises with high growth. We assess the issue by examining the effects of an Index of Economic Freedom on income … covering 128 developing countries during the 1990-2017 period. Our results show, that even if economic freedom associated with …
Persistent link: https://www.econbiz.de/10013290127
distract' elements inherited from the Neoliberal Boom (1990-2007). The only viable alternative is Social Capitalism. This …
Persistent link: https://www.econbiz.de/10014529505
In his 2014 book, Thomas Piketty argues that wealth inequality is sharply increasing in r-g and refers to rg as ‘the central contradiction of capitalist economics', where r is asset returns and g is real income growth. To assess whether inequality is increasing in the (r-g)-gap this paper: 1)...
Persistent link: https://www.econbiz.de/10012944904
While economic freedom has been linked to positive outcomes such as economic growth and well-being, studies examining … of economic freedom. It also discusses studies that investigate specific dimensions of economic freedom, including … body of research exploring the link between economic freedom and other forms of inequality, such as happiness, health, and …
Persistent link: https://www.econbiz.de/10014350075
Persistent link: https://www.econbiz.de/10010193322
Persistent link: https://www.econbiz.de/10009673245