Economic Freedom and Growth: Decomposing the Effects on JSTOR

Public Choice

Description: Public Choice deals with the intersection between economics and political science. The journal was founded at a time when economists and political scientists became interested in the application of essentially economic methods to problems normally dealt with by political scientists. It has always retained strong traces of economic methodology, but new and fruitful techniques have been developed which are not recognizable by economists. Public Choice therefore remains central in its chosen role of introducing the two groups to each other, and allowing them to explain themselves through the medium of its pages.

Coverage: 1968-2013 (Vol. 4 - Vol. 157, No. 3/4)

Moving Wall

Moving Wall: 3 years (What is the moving wall?)

Moving Wall

The "moving wall" represents the time period between the last issue available in JSTOR and the most recently published issue of a journal. Moving walls are generally represented in years. In rare instances, a publisher has elected to have a "zero" moving wall, so their current issues are available in JSTOR shortly after publication.
Note: In calculating the moving wall, the current year is not counted.
For example, if the current year is 2008 and a journal has a 5 year moving wall, articles from the year 2002 are available.

Terms Related to the Moving Wall: Fixed walls: Journals with no new volumes being added to the archive.; Absorbed: Journals that are combined with another title.; Complete: Journals that are no longer published or that have been combined with another title.

ISSN: 00485829

EISSN: 15737101

Subjects: Business & Economics, Business, Political Science, Economics, Social Sciences

Collections: Arts & Sciences VI Collection, Business & Economics Collection, Business II Collection

Abstract

Most studies of the relation between economic freedom and growth of GDP have found a positive relation. One problem in this area is the choice of economic freedom measure. A single measure does not reflect the complex economic environment and a highly aggregated index makes it difficult to draw policy conclusions. In this paper we investigate what specific types of economic freedom measures that are important for growth. The robustness of the results is carefully analysed since the potential problem with multicollinearity is one of the negative effects of decomposing an index. The results show that economic freedom does matter for growth. This does not mean that increasing economic freedom, defined in general terms, is good for economic growth since some of the categories in the index are insignificant and some of the significant variables have negative effects.

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Economic Freedom and Growth: Decomposing the Effects

Select the topics that are inaccurate.

Abstract

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