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The methodology of measuring the economic freedom and policy framework

Author

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  • Daniel Hinšt

    (Centar za javne politike i ekonomske analize, Zagreb, Croatia)

Abstract

The level of economic freedom is measured each year through a unique world methodology. This way, Canadian Fraser Institute has developed a systematic approach to public policies which affect the scope of public expenditure and state assets, level of major taxes, inflation, free trade, business regulation, labor and credit market and other measured areas. Such policy framework can be useful for designing structural adjustments by which enterprises could be freed from excessive involvement and cost of government. Moreover, by reducing and limiting the role of government economic freedom contributes the institutional framework for free market. Finally, economic freedom is closely related to geopolitics.

Suggested Citation

  • Daniel Hinšt, 2021. "The methodology of measuring the economic freedom and policy framework," Acta Economica Et Turistica, Libertas International University, vol. 7(1), pages 41-60, May.
    • Handle: RePEc:awd:acectu:v:7:y:2021:i:1:p:41-60
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