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economic freedom index datasets of the Heritage Foundation/Wall Street Journal(HF/WSJ), which is a cumulative index derived … from several sub-indices (trade freedom index, financial freedom, labor freedom, business and fiscal freedom index). The … cumulative economic freedom index show us how open and business friendly a country is. The sub-indices show us openness across …
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We exploit the cross-country differences in economic freedom to examine the link between the quality of institutions and subjective well-being. Using Veenhoven's happiness dataset, the evidence suggests countries with better economic institutions and higher level of economic freedom, captured by...
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