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Panel evidence on economic freedom and growth in the United States

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  • Compton, Ryan A.
  • Giedeman, Daniel C.
  • Hoover, Gary A.

Abstract

Using the measures of economic freedom developed by Karabegovic et al. (2003), we are able to create a dataset spanning the period 1981 to 2004 in order to investigate the nature of the relationship between economic freedom and economic growth for the fifty US states. Overall, we find a significant positive relationship between economic freedom and economic growth. However, not all components of economic freedom affect growth equally.

Suggested Citation

  • Compton, Ryan A. & Giedeman, Daniel C. & Hoover, Gary A., 2011. "Panel evidence on economic freedom and growth in the United States," European Journal of Political Economy, Elsevier, vol. 27(3), pages 423-435, September.
  • Handle: RePEc:eee:poleco:v:27:y:2011:i:3:p:423-435
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    References listed on IDEAS

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