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Estimating the size of the trade sector in the Economic Freedom of the World index

Author

Listed:
  • Joshua C Hall

    (Beloit College)

  • Robert Lawson

    (Auburn University)

  • Chuck Skipton

    (University of Tampa)

Abstract

The Economic Freedom of the World (EFW) index measures the extent to which nations allow their citizens economic freedom. The freedom of people to trade internationally is a featured area within the index. One component of this area is the size of the trade sector, or rather the deviation of a country's trade sector from its expected size. This note explains the basic methodology used to estimate the model and create the ratings for the deviation of a country's trade sector from its expected size component of the EFW index.

Suggested Citation

  • Joshua C Hall & Robert Lawson & Chuck Skipton, 2011. "Estimating the size of the trade sector in the Economic Freedom of the World index," Economics Bulletin, AccessEcon, vol. 31(1), pages 466-472.
    • Handle: RePEc:ebl:ecbull:eb-10-00369
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I1-P45.pdf
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    Citations

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    Cited by:

    1. Douglas M. Walker & Todd M. Nesbit, 2014. "Casino Revenue Sensitivity to Competing Casinos: A Spatial Analysis of Missouri," Growth and Change, Wiley Blackwell, vol. 45(1), pages 21-40, March.
    2. Harald Fadinger & Karin Mayr, 2014. "Skill-Biased Technological Change, Unemployment, And Brain Drain," Journal of the European Economic Association, European Economic Association, vol. 12(2), pages 397-431, April.
    3. Jamie Bologna & Joshua C. Hall, 2014. "Economic Freedom Research: Some Comments and Suggestions," Working Papers 14-23, Department of Economics, West Virginia University.

    More about this item

    Keywords

    trade sector; economic freedom; distance-adjusted demand;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies

    Statistics

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