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In this paper, we revisit the relationship between economic freedom and growth across 407 German districts (Kreise). We build six indicators of economic freedom and cluster them into categories reflecting tax rates and size of the government and public sector. Exploiting the variation in the...
Persistent link: https://www.econbiz.de/10012848969
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...
Persistent link: https://www.econbiz.de/10012965175
The paper exploits the distributional dynamics and structural changes in the endogenous distribution of economic freedom across countries over time by utilizing the Rosenblatt-Parzen Kernel density estimator compared to the original distribution based on the methodology proposed by the Heritage...
Persistent link: https://www.econbiz.de/10014152313
Authors of the indexes of economic freedom argue that economic freedom is a key link to prosperity and growth. An outline of empirical and theoretical investigation into the relationships between economic performance and institutional environment shows that economic freedom is an important...
Persistent link: https://www.econbiz.de/10013081482
Long term economic growth depends on the institutional setting for economic activity. Sustainable long term growth emerges from institutions which sustain freedom. Quality of the institutional framework can be explored through the index of economic freedom in order to bring closer the...
Persistent link: https://www.econbiz.de/10013084594
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