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Free Market and Prosperity- an Empirical Aproach

Author

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  • Munteanu Ligia

    () („Alexandru Ioan Cuza” Univerisity of Iasi, Doctoral School of Economics)

Abstract

This paper presents an empirical analysis of the relation between the free market and prosperity. Based on the 2011 report of the idicators Index of Economic Freedom and Economic Freedom of the World, the arguments for economic liberty gain empirical proof. The data presents a powerfull source of measuring key aspects of economic life and development of the society, issues that will correlate in a general conclusion about the freedom of the world we live in.

Suggested Citation

  • Munteanu Ligia, 2011. "Free Market and Prosperity- an Empirical Aproach," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1453-1455, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1453-1455
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    More about this item

    Keywords

    Index of Economic Freedom; Economic Freedom of the World; free market; prosperity; economic growth.;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation

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