Economic Freedom As Precondition For Economic Prosperity: Croatian Experience
AbstractThe 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.
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Bibliographic InfoArticle provided by Faculty of Economics in Osijek, Croatia in its journal Interdisciplinary Management Research.
Volume (Year): 6 (2010)
Issue (Month): ()
economic freedom; index of economic freedom; Heritage Foundation; Croatia;
Find related papers by JEL classification:
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
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- Manuel Vega-Gordillo & JosÃ© L. Ãlvarez-Arce, 2003. "Economic Growth and Freedom: A Causality Study," Cato Journal, Cato Journal, Cato Institute, vol. 23(2), pages 199-215, Fall.
- Heckelman, Jac C & Stroup, Michael D, 2000. "Which Economic Freedoms Contribute to Growth?," Kyklos, Wiley Blackwell, vol. 53(4), pages 527-44.
- de Haan, Jakob, 2003. "Economic freedom: editor's introduction," European Journal of Political Economy, Elsevier, vol. 19(3), pages 395-403, September.
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