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Panel evidence on economic freedom and growth in the United States

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

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.

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Article provided by Elsevier in its journal European Journal of Political Economy.

Volume (Year): 27 (2011)
Issue (Month): 3 (September)
Pages: 423-435

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Handle: RePEc:eee:poleco:v:27:y:2011:i:3:p:423-435
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505544

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  1. Jakob de Haan & Susanna Lundstroem & Jan-Egbert Sturm, 2005. "Market oriented institutions and policies and economic growth: A critical survey," TWI Research Paper Series 5, Thurgauer Wirtschaftsinstitut, Universit�t Konstanz.
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  10. Heckelman, Jac C. & Stroup, Michael D., 2005. "A comparison of aggregation methods for measures of economic freedom," European Journal of Political Economy, Elsevier, vol. 21(4), pages 953-966, December.
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  15. Nathan J. Ashby, 2007. "Economic Freedom and Migration Flows between U.S. States," Southern Economic Journal, Southern Economic Association, vol. 73(3), pages 677–697, January.
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