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The Benefits of Economic Freedom: A Survey

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Abstract

A new empirical field of research in economics shows that policies characterized by economic freedom produce economic growth. “Economic freedom” means such things as a small government, protection of private property, a well-functioning legal system, free competition and few regulations. The field also shows that under certain conditions, economic freedom improves income equality.

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  • Berggren, Niclas, 2003. "The Benefits of Economic Freedom: A Survey," Ratio Working Papers 4, The Ratio Institute.
  • Handle: RePEc:hhs:ratioi:0004
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    More about this item

    Keywords

    Economic freedom; Economic growth; Equality; Freedom index;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P00 - Economic Systems - - General - - - General

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