THE DETERMINANTS OF ECONOMIC FREEDOM: A SURVEY

Robert A. Lawson; Ryan Murphy; Benjamin Powell

doi:10.1111/coep.12471

THE DETERMINANTS OF ECONOMIC FREEDOM: A SURVEY

Robert A. Lawson, Ryan Murphy, Benjamin Powell

Research output: Contribution to journal › Article › peer-review

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Abstract

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).

Original language	English
Pages (from-to)	622-642
Number of pages	21
Journal	Contemporary Economic Policy
Volume	38
Issue number	4
DOIs	https://doi.org/10.1111/coep.12471
State	Published - Oct 1 2020

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abstract = "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).",

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THE DETERMINANTS OF ECONOMIC FREEDOM: A SURVEY

Abstract

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