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The European Union and Economic Freedom

Author

Listed:
  • Hall Joshua C.

    (Beloit College)

  • Lawson Robert A.

    (Southern Methodist University)

  • Wogsland Rachael

    (Beloit College)

Abstract

This paper integrates two growing strains of literature. The first strain looks at the effect of economic and political unions on outcomes such as bond ratings and economic convergence. The second strain looks at the determinants of economic freedom across countries. Building from these two literatures, we investigate the impact of joining the European Union on a country's economic freedom. Using a panel of countries from 1970 to 2007, we find evidence that joining the European Union increases a country's economic freedom. Empirically, however, the impact of joining the union on economic freedom is small.

Suggested Citation

  • Hall Joshua C. & Lawson Robert A. & Wogsland Rachael, 2011. "The European Union and Economic Freedom," Global Economy Journal, De Gruyter, vol. 11(3), pages 1-16, September.
    • Handle: RePEc:bpj:glecon:v:11:y:2011:i:3:n:7
    DOI: 10.2202/1524-5861.1731
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    References listed on IDEAS

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    Cited by:

    1. Benjamin Powell & Matt E. Ryan, 2017. "The Global Spread of Think Tanks and Economic Freedom," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 32(Fall 2017), pages 17-31.
    2. Ivana Brkić & Nikola Gradojević & Svetlana Ignjatijević, 2020. "The Impact of Economic Freedom on Economic Growth? New European Dynamic Panel Evidence," JRFM, MDPI, vol. 13(2), pages 1-13, February.
    3. Danko Tarabar & Andrew T. Young, 2017. "Liberalizing Reforms and the European Union: Accession, Membership, and Convergence," Southern Economic Journal, John Wiley & Sons, vol. 83(4), pages 932-951, April.
    4. Audrey Redford, 2020. "Property rights, entrepreneurship, and economic development," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(1), pages 139-161, March.
    5. Ryan H. Murphy, 2016. "Intergovernmental Organisations and Economic Freedom: Wise Technocrats or Black Helicopters?," Economic Affairs, Wiley Blackwell, vol. 36(2), pages 145-154, June.
    6. Joshua C. Hall, 2016. "Institutional convergence: exit or voice?," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 40(4), pages 829-840, October.

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