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Economic Freedom in U.S. Metropolitan Areas

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  • Stansel, Dean

Abstract

This paper is a revised, updated, and expanded version of the first economic freedom index for local economies in the U.S. (Stansel, 2013). It provides a more comprehensive measure of the restrictions government places upon economic freedom compared to simple scale measures like government spending or revenue. That makes it a valuable tool for a wide variety of academic and public policy researchers seeking to investigate the impact of government upon society. The two economic freedom indices of nations have stimulated a large body of such research, as have the state-level indices. There is a small and growing local-level literature reviewed herein. Like with the other two sets of indices, local economic freedom is found to be correlated with positive economic outcomes such as higher per capita income and higher population growth.

Suggested Citation

  • Stansel, Dean, 2019. "Economic Freedom in U.S. Metropolitan Areas," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 49(1), March.
    • Handle: RePEc:ags:jrapmc:339932
    DOI: 10.22004/ag.econ.339932
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    References listed on IDEAS

    as
    1. Stansel, Dean B., 2013. "An Economic Freedom Index for U.S. Metropolitan Areas," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 43(1).
    2. Bologna, Jamie & Young, Andrew T. & Lacombe, Donald J., 2016. "A spatial analysis of incomes and institutional quality: evidence from US metropolitan areas," Journal of Institutional Economics, Cambridge University Press, vol. 12(1), pages 191-216, March.
    3. Joshua C. Hall & Robert A. Lawson, 2014. "Economic Freedom Of The World: An Accounting Of The Literature," Contemporary Economic Policy, Western Economic Association International, vol. 32(1), pages 1-19, January.
    4. Bologna, Jamie, 2014. "A Spatial Analysis of Entrepreneurship and Institutional Quality: Evidence from U.S. Metropolitan Areas," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 44(2).
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    Citations

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    Cited by:

    1. Coates, Dennis & Mirkina, Irina, 2021. "Economic Freedom of the Russian Federation," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 51(1), January.
    2. Araki, Michael E. & Bennett, Daniel L. & Wagner, Gary A., 2024. "Regional innovation networks & high-growth entrepreneurship," Research Policy, Elsevier, vol. 53(1).
    3. Imran Arif & John W. Dawson, 2023. "Pro‐market institutions and labor market outcomes: A panel‐data analysis of U.S. metropolitan areas," Contemporary Economic Policy, Western Economic Association International, vol. 41(4), pages 629-652, October.
    4. Ryan H. Murphy & Ellen Taylor & Dean Stansel, 2023. "Economic freedom at metropolitan statistical area borders," American Journal of Economics and Sociology, Wiley Blackwell, vol. 82(2), pages 141-149, March.
    5. Lili Yao & J. Brandon Bolen & Claudia R. Williamson, 2022. "Are economic arguments against immigration missing the boat? The fiscal effects of the Mariel Boatlift," Southern Economic Journal, John Wiley & Sons, vol. 89(2), pages 305-325, October.
    6. Imran Arif & Adam Hoffer & Dean Stansel & Donald Lacombe, 2020. "Economic freedom and migration: A metro area‐level analysis," Southern Economic Journal, John Wiley & Sons, vol. 87(1), pages 170-190, July.
    7. Justin T. Callais & Jamie Bologna Pavlik, 2023. "Does economic freedom lighten the blow? Evidence from the great recession in the United States," Economics of Governance, Springer, vol. 24(3), pages 357-398, September.
    8. Daniel L. Bennett, 2021. "Local institutional heterogeneity & firm dynamism: Decomposing the metropolitan economic freedom index," Small Business Economics, Springer, vol. 57(1), pages 493-511, June.
    9. Imran Arif & Adam Hoffer & Brad Humphreys & Matthew Style, 2022. "New sports facilities do not drive migration between US cities," Economics of Governance, Springer, vol. 23(3), pages 195-217, December.

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