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Degree of Economic Freedom and Relationship to Economic Growth and Human Development


  • Chodak, Grzegorz
  • Kowal, Krzysztof


Presented in this article is an analysis of the relationship between the Index of Economic Freedom and indices of economic growth, i.e. GDP per capita and the Human Development Index. The McPherson coefficient of correlation was calculated from several different perspectives. Described in the final part of the article is the testing of the hypotheses, while a short commentary on the results obtained is also presented.

Suggested Citation

  • Chodak, Grzegorz & Kowal, Krzysztof, 2011. "Degree of Economic Freedom and Relationship to Economic Growth and Human Development," MPRA Paper 36712, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:36712

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    References listed on IDEAS

    1. Carneiro, Pedro & Heckman, James J., 2003. "Human Capital Policy," IZA Discussion Papers 821, Institute for the Study of Labor (IZA).
    2. Andrew Healey & Martin Knapp & David Farrington, 2004. "Adult labour market implications of antisocial behaviour in childhood and adolescence: findings from a UK longitudinal study," Applied Economics, Taylor & Francis Journals, vol. 36(2), pages 93-105.
    3. Yona Rubinstein & James J. Heckman, 2001. "The Importance of Noncognitive Skills: Lessons from the GED Testing Program," American Economic Review, American Economic Association, vol. 91(2), pages 145-149, May.
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    More about this item


    liberalism; economic growth; index of economic freedom;

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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