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Degree of Economic Freedom and Relationship to Economic Growth and Human Development

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  • Chodak, Grzegorz
  • Kowal, Krzysztof

Abstract

Presented 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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File URL: http://mpra.ub.uni-muenchen.de/36712/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 36712.

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Date of creation: 2011
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Handle: RePEc:pra:mprapa:36712

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Keywords: liberalism; economic growth; index of economic freedom;

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