Institutional distortions, economic freedom, and growth
This paper extends the investigation of the relationship between economic growth and freedom by distinguishing between the growth effects of political freedom versus economic freedom. The approach follows the method employed by Levine and Renelt (1992), a study that evaluated the robustness of vario...
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| Veröffentlicht in: | The Cato journal 2002, Vol.21 (3), p.415-426 |
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| creator | Ali, Abdiweli M Crain, W. Mark |
| description | This paper extends the investigation of the relationship between economic growth and freedom by distinguishing between the growth effects of political freedom versus economic freedom. The approach follows the method employed by Levine and Renelt (1992), a study that evaluated the robustness of various factors that appear to be correlated with growth. This paper evaluates the robustness of the often-used Gastil indices of political freedom and civil liberty and a relatively recent index of economic freedom. The analysis evaluates both the direct effect of the political and economic freedom measures on growth as well as their indirect effects on investment for a large sample of countries. The models investigate the possible interactions between growth, political freedom, and economic freedom. Finally, the findings regarding economic freedom are related to recent studies by Easterly (1993), Mauro (1995), and Knack and Keefer (1995) that examine specific policies and institutions that distort relative prices and resource allocation. |
| format | Article |
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| source | PAIS Index; Worldwide Political Science Abstracts; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; HeinOnline Law Journal Library; Business Source Complete; Political Science Complete |
| subjects | Analysis Civil liberties Economic Development Economic growth Economic models Economic policy Economic research Evaluation Freedom GDP Gross Domestic Product Growth models Institutional economics Monopolistic competition Political Development Political economy Political Systems Politics Private property Regression analysis Sensitivity analysis State Society Relationship Statistical analysis Studies |
| title | Institutional distortions, economic freedom, and growth |
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