The Determinants of Economic Freedom: A Survey

21 Pages Posted: 6 Oct 2020

See all articles by Robert Lawson

Robert Lawson

Southern Methodist University (SMU) - Edwin L. Cox School of Business

Ryan Murphy

Southern Methodist University (SMU) - O’Neil Center for Global Markets and Freedom

Benjamin Powell

Texas Tech University - Free Market Institute; Texas Tech University - Rawls College of Business

Multiple version iconThere are 2 versions of this paper

Date Written: October 2020

Abstract

A large literature has found positive associations between economic freedom and income, growth, and a variety of other desirable outcomes. This paper surveys the literature that seeks to explain the causes of economic freedom. Some of the most consistent findings in this literature are that current levels of economic freedom are strongly correlated with past levels; freer countries have more difficulty continuing to improve their economic freedom; democracy and political freedom are positively associated with economic freedom; and inequality is negatively related.

JEL Classification: E02, E14, O17, O43, P1

Suggested Citation

Lawson, Robert and Murphy, Ryan and Powell, Benjamin, The Determinants of Economic Freedom: A Survey (October 2020). Contemporary Economic Policy, Vol. 38, Issue 4, pp. 622-642, 2020, Available at SSRN: https://ssrn.com/abstract=3704362 or http://dx.doi.org/10.1111/coep.12471

Robert Lawson (Contact Author)

Southern Methodist University (SMU) - Edwin L. Cox School of Business ( email )

P.O. Box 750333
Dallas, TX 75275-0333
United States

Ryan Murphy

Southern Methodist University (SMU) - O’Neil Center for Global Markets and Freedom ( email )

United States

Benjamin Powell

Texas Tech University - Free Market Institute ( email )

Box 45059
Lubbock, TX 79409-5059
United States
806.742.7138 (Phone)
806.742.1854 (Fax)

HOME PAGE: http://www.fmi.ttu.edu

Texas Tech University - Rawls College of Business ( email )

Lubbock, TX 79409
United States
806.834.3097 (Phone)
806.742.1854 (Fax)

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