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Economic Freedom As Precondition For Economic Prosperity: Croatian Experience

Author

Listed:
  • Ivana Barkovic

    (Faculty of Law in Osijek)

Abstract

The purpose of this paper is to give a brief theoretical overview of the notion of economic freedom and discuss it as being a link between economic opportunity and prosperity. First part of the paper offers definition of the economic freedom, (basic) arguments for the limited role of the state in the national economy as well as it discusses one of indexes - Heritage Foundation Index - used worldwide for measuring economic freedom. Based upon the theoretical overview and presented index, the second part of the paper will evaluate economic freedom in the Republic of Croatia and suggest some policy implication how to redefine the role of the state in order to make it more supportive for market’s needs.

Suggested Citation

  • Ivana Barkovic, 2010. "Economic Freedom As Precondition For Economic Prosperity: Croatian Experience," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 6, pages 566-579.
    • Handle: RePEc:osi:journl:v:6:y:2010:p:566-579
    as

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    References listed on IDEAS

    as
    1. de Haan, Jakob, 2003. "Economic freedom: editor's introduction," European Journal of Political Economy, Elsevier, vol. 19(3), pages 395-403, September.
    2. Manuel Vega-Gordillo & José L. à lvarez-Arce, 2003. "Economic Growth and Freedom: A Causality Study," Cato Journal, Cato Journal, Cato Institute, vol. 23(2), pages 199-215, Fall.
    3. Heckelman, Jac C & Stroup, Michael D, 2000. "Which Economic Freedoms Contribute to Growth?," Kyklos, Wiley Blackwell, vol. 53(4), pages 527-544.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic freedom; index of economic freedom; Heritage Foundation; Croatia;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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