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In this paper, I explore the politically contested association between the degree of capitalism, captured by measures of economic freedom, and the risk and characteristics of economic crisis. After offering some brief theoretical considerations, I estimate the effects of economic freedom on...
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implications for a regional cluster. This volume focuses on Denmark, Finland, Iceland, Norway, and Sweden. …
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, who are renowned specialists in the area and with deep knowledge of the pertinent institutions in Sweden and the US. These … ; Institutions ; Firm growth ; Economic dynamism …
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role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that … the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in …
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