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Economic Freedom, Government Policy and the Trade-Off between Equity and Economic Growth


  • Scully, Gerald W


This study investigates the role that economic freedom plays in economic growth and in the distribution in market income, the role of government policy in advancing economic progress and in promoting income equality, and the effect that the rate of economic progress has on the distribution of market income. Structural and reduced form models are estimated that reveal that economic freedom promotes both economic growth and equity, and that there is a positive but relatively small trade-off between growth and income inequality. Copyright 2002 by Kluwer Academic Publishers

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  • Scully, Gerald W, 2002. "Economic Freedom, Government Policy and the Trade-Off between Equity and Economic Growth," Public Choice, Springer, vol. 113(1-2), pages 77-96, October.
  • Handle: RePEc:kap:pubcho:v:113:y:2002:i:1-2:p:77-96

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    1. repec:cup:apsrev:v:91:y:1997:i:02:p:245-263_20 is not listed on IDEAS
    2. T. Tideman & Gordon Tullock, 1981. "Coalitions under demand revealing," Public Choice, Springer, vol. 36(2), pages 323-328, January.
    3. Schlapfer, Felix & Roschewitz, Anna & Hanley, Nick, 2004. "Validation of stated preferences for public goods: a comparison of contingent valuation survey response and voting behaviour," Ecological Economics, Elsevier, vol. 51(1-2), pages 1-16, November.
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