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Decomposed Effects of Democracy on Economic Freedom

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Author Info
Lundström, Susanna (Department of Economics, School of Economics and Commercial Law, Göteborg University)
Abstract

Many previous empirical studies conclude that democracy increases economic freedom. However, these studies use highly aggregated indices of economic freedom, which eliminate interesting information and obstruct policy conclusions. The purpose of this study is to empirically study how different categories of economic freedom are affected by democracy in developing countries. There seems to be a positive effect of democracy on the categories Government Operations and Regulations and Restraints on International Exchange, but for the categories Money and Inflation and Takings and Discriminatory Taxation there is no effect. The robustness to extreme points and the model specification is tested.

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File URL: http://hdl.handle.net/2077/2671
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Publisher Info
Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number 74.

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Length: 23 pages
Date of creation: 07 Jun 2002
Date of revision:
Handle: RePEc:hhs:gunwpe:0074

Contact details of provider:
Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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Related research
Keywords: democracy; economic freedom; decomposition;

Find related papers by JEL classification:
P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

This paper has been announced in the following NEP Reports:

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