Official Visits and Economic Freedom

نویسندگان

چکیده

This study examines the effect of U.S. Presidents and Secretaries State visits to a country on institutional quality, particularly economic freedom. Hence, develops model that predicts conditions under which official can enhance quality institutions. We compile variables from 1960 2019 archives Department test predictions our model. In addition, we use endogenous treatment estimation deal with potential endogeneity. The results show have statistically significant negative freedom, in non-democratic countries less political are robust different types samples. presents multiple explanations for these results, including possibility following: First, some American administrations adopt pragmatic approach aimed at achieving strategic objectives while overlooking practices do not quality. Second, may improve other aspects more observable international community than freedoms. Third, policymakers care about short-term their be presented as accomplishments electorate rather reforms will only yield benefits United States long run. Finally, freedoms associated per Hayek-Friedman hypothesis.

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ژورنال

عنوان ژورنال: Journal of Economic Integration

سال: 2023

ISSN: ['1225-651X', '1976-5525']

DOI: https://doi.org/10.11130/jei.2023.38.2.219