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An Economic Freedom Index for U.S. Metropolitan Areas
2013This paper is the first attempt to produce an economic freedom index for local economies in the U.S. It provides a more comprehensive measure of the restrictions government places upon economic freedom compared to simple fiscal measures like total government spending or revenue. That makes it a valuable tool for a wide variety of researchers seeking to
Stansel, Dean B., Stansel, Dean B.
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On the Methodology of the Economic Freedom of the World Index
2008Anyone who has taught macroeconomics knows that students sometimes have difficulty grasping the enormity of the concept of GDP. The usual definition given is, “the market value of all final goods and services produced in a nation in a year,” and a number, $13,620 billion according to the latest estimate (Bureau of Economic Analysis 2007). But what does
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Social Indicators Research, 2020
Composite indices of economic freedom may constitute a useful and practical guide and a significant source of information for experts in government policy, investors and market researchers across the world. Their high applicability and the important consequences of the relative position of the countries in a ranking of economic freedom, has led many ...
José Manuel Cabello +2 more
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Composite indices of economic freedom may constitute a useful and practical guide and a significant source of information for experts in government policy, investors and market researchers across the world. Their high applicability and the important consequences of the relative position of the countries in a ranking of economic freedom, has led many ...
José Manuel Cabello +2 more
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Freedom in the 50 States, 2013 Edition: An Index of Personal and Economic Freedom
2013This title is also available through The Mercatus Center website: http://mercatus ...
Ruger, William, Sorens, Jason
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Using Economic Freedom Indexes as Policy Indicators: An Intercontinental Example
Public Organization Review, 2008We use time-series cross-section analysis to provide empirical validation for the existence of a specific American ethos and a specific European ethos with respect to economic policy. In our innovation, economic policy is proxied by “economic freedom” from the Fraser Institute database and constitutional “political institutions” are proxied by ...
Zane A. Spindler +2 more
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The Economic Freedom Index : A Review
Philippine Review of Economics, 2002The economic freedom index (EFI) is one of several cross-country yardsticks that incorporate dimensions of progress and well-being that go beyond what conventional economic indicators tell us. It is a composite of 21 indicators that include “personal choice, protection of private property, and freedom of exchange.” It is one of the few measures where ...
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Economic Freedom, Material Wellbeing, and the Good Capitalist Governance Index
Journal of Economic Issues, 2013This paper assesses the economic importance and the limits of using the Economic Freedom Index (EFI) to help explain and realize higher levels of per-capita income. Specifically, I elaborate on the need to disaggregate and place the EFI into a coherent and meaningful theoretical context in order to generate economically cogent analytical predictions as
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Estimating the size of the trade sector in the Economic Freedom of the World index [PDF]
The Economic Freedom of the World (EFW) index measures the extent to which nations allow their citizens economic freedom. The freedom of people to trade internationally is a featured area within the index. One component of this area is the size of the trade sector, or rather the deviation of a country's trade sector from its expected size.
Joshua C Hall +2 more
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2014 Index of Economic Freedom
SSRN Electronic Journal, 2014Terry Miller +2 more
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Is “economic freedom” strictly free market capitalism? A decompositional analysis of the Economic Freedom of the World index [PDF]
The Frasier Institute’s Economic Freedom of the World is often taken as a metric of market capitalism. This paper argues that the index is an amalgam of measures capturing free markets and good governance, and analysts should remain cognizant of this conceptual conflation when using the index to develop policy prescriptions.
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