Economic freedom and bureaucracy: Romania versus Bulgaria
AbstractIn this article, we critically analyze some recent attempts to assess the degree of economic freedom that countries around the world enjoy. The devised indices measure the consistency of a nation’s policies and institutions with economic freedom. Although there seems to be a consensus among economists that in those countries where economic freedom is maintained economic growth follows, this hypothesis has yet to be empirically proven. The problem of bureaucratic decision-making, as a mechanism that may interfere with the economic freedom is also discussed. We then study the case of two quasi-similar, neighboring countries embarked on European integration, namely Romania and Bulgaria.
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.
Volume (Year): (2011)
Issue (Month): 4 ()
Find related papers by JEL classification:
- B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
- D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
- H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
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- Dawson, John W., 2003.
"Causality in the freedom-growth relationship,"
European Journal of Political Economy,
Elsevier, vol. 19(3), pages 479-495, September.
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