The Impact of Economic Freedom and Total Freedom on Gross State In-Migration: An Exploratory Study of the Great Recession Experience
AbstractTypically, the greater the degree of economic freedom, the more successfully and efficiently markets perform and the greater the prosperity created through private enterprise. These outcomes from greater freedom accelerate economic growth, which in turn creates opportunities for yet further success. It can also be argued that greater personal freedom promotes higher levels of utility for consumers in non-economic ways. Accordingly, the present study empirically investigates whether the prospects of greater economic freedom on the one hand and greater economic plus personal freedom, i.e., greater total freedom, on the other hand in any given state vis-à-vis other states act(s) to induce a greater influx of migrants. This empirical study of domestic U.S. migration during the Great Recession finds clear evidence that migrants prefer to move to those states affording higher levels of economic freedom and higher levels of total freedom.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 55270.
Date of creation: 22 Dec 2012
Date of revision:
gross state in-migration; the Great Recession; economic freedom; total freedom;
Find related papers by JEL classification:
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
- J69 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Other
- P14 - Economic Systems - - Capitalist Systems - - - Property Rights
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