Degree of Economic Freedom and Relationship to Economic Growth and Human Development
AbstractPresented in this article is an analysis of the relationship between the Index of Economic Freedom and indices of economic growth, i.e. GDP per capita and the Human Development Index. The McPherson coefficient of correlation was calculated from several different perspectives. Described in the final part of the article is the testing of the hypotheses, while a short commentary on the results obtained is also presented.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 36712.
Date of creation: 2011
Date of revision:
liberalism; economic growth; index of economic freedom;
Find related papers by JEL classification:
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-20 (All new papers)
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