TY - JOUR
T1 - THE DETERMINANTS OF ECONOMIC FREEDOM
T2 - A SURVEY
AU - Lawson, Robert A.
AU - Murphy, Ryan
AU - Powell, Benjamin
N1 - Publisher Copyright:
© 2020 Western Economic Association International
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2020/10/1
Y1 - 2020/10/1
N2 - A large literature has found positive associations between economic freedom and income, growth, and a variety of other desirable outcomes. This paper surveys the literature that seeks to explain the causes of economic freedom. Some of the most consistent findings in this literature are that current levels of economic freedom are strongly correlated with past levels; freer countries have more difficulty continuing to improve their economic freedom; democracy and political freedom are positively associated with economic freedom; and inequality is negatively related. (JEL E02, E14, O17, O43, P1).
AB - A large literature has found positive associations between economic freedom and income, growth, and a variety of other desirable outcomes. This paper surveys the literature that seeks to explain the causes of economic freedom. Some of the most consistent findings in this literature are that current levels of economic freedom are strongly correlated with past levels; freer countries have more difficulty continuing to improve their economic freedom; democracy and political freedom are positively associated with economic freedom; and inequality is negatively related. (JEL E02, E14, O17, O43, P1).
UR - http://www.scopus.com/inward/record.url?scp=85081535707&partnerID=8YFLogxK
U2 - 10.1111/coep.12471
DO - 10.1111/coep.12471
M3 - Article
AN - SCOPUS:85081535707
VL - 38
SP - 622
EP - 642
JO - Contemporary Economic Policy
JF - Contemporary Economic Policy
SN - 1074-3529
IS - 4
ER -