Economic Freedom Index Calculation Using FCM

Economic Freedom

Most studies of the relation between economic freedom and growth of GDP have found a positive relation. One problem in this area is the choice of economic freedom measure. A single measure does not reflect the complex economic environment and a highly aggregated index makes it difficult to draw policy conclusions. In this paper we investigate what specific types of economic freedom measures tha...

Economic Freedom and Economic Volatility

Theory suggests that economic freedom—measured by the Economic Freedom of the World Index (EFW) -may increase or decrease economic volatility. Similar to previous literature, we empirically test the relationship between economic freedom and economic volatility, but we differ from the literature in how we account for (1) changes in EFW, and (2) the nonlinear relationship between freedom and vola...

Economic Freedom, Economic Growth And Governments Tax Revenue In (MENA)

Entrenching Economic Freedom

In the 1950s and 1960s, many Africans believed that independence would change prospects for rapid economic growth and development. First, independence implied the end of colonialism and its despotic, exploitative, and repressive institutions. Second, with the Europeans gone, Africans could now engage in democratic (people-driven, participatory, and inclusive) constitution-making to provide them...

Environmentalism and Economic Freedom

This paper shall attempt to reconcile environmentalism and economic freedom. Before making this seemingly quixotic endeavor, we must be sure we are clear on both concepts. Environmentalism may be non controversially defined as a philosophy which sees great benefit in clean air and water, and to a lowered rate of species extinction. Environmentalists are particularly concerned with the survival ...