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Economic freedom of North America at state borders 1

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  • MURPHY, RYAN H.

Abstract

I use matched county pairs on either side of US state borders to investigate the causal effects of the Economic Freedom of North America index (EFNA) on local outcomes. This method is similar to Dube et al. (2010). I construct a panel of county pairs running from 1981–2012 and four measures of outcomes, logged real incomes, logged real per capita incomes, employment, and logged real wages, employing single year and five year differences-in-differences. I find small, but precisely estimated, effects on incomes but mixed effects on wages and employment. All regressions show low R 2. This supports the hypothesis that state-level economic freedom improves capital income or that it attracts capital income across state borders.

Suggested Citation

  • Murphy, Ryan H., 2016. "Economic freedom of North America at state borders 1," Journal of Institutional Economics, Cambridge University Press, vol. 12(4), pages 885-893, December.
    • Handle: RePEc:cup:jinsec:v:12:y:2016:i:04:p:885-893_00
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    Cited by:

    1. Joshua Hall & Amanda Ross & Jamie Bologna Pavlik, 2020. "Laissez-Faire Economic Policy in a World Where Gender Income Gaps Exist: Helping or Hurting?," Journal of Economics, Race, and Policy, Springer, vol. 3(2), pages 144-158, June.
    2. Johan Graafland & Harmen Verbruggen, 2022. "Free-Market, Perfect Market and Welfare State Perspectives on “Good” Markets: an Empirical Test," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(2), pages 1113-1136, April.
    3. Zachary D. Blizard, 2023. "The Interaction Effect of Economic Freedom and Economic Development on Corruption in US States," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 38(Summer 20), pages 17-37.
    4. Noah J. Trudeau, 2021. "Occupational Licensing and Intra-MSA Effects: Massage Therapists in the US," Working Papers 21-03, Department of Economics, West Virginia University.
    5. Vincent J. Miozzi & Benjamin Powell, 2023. "US state‐level economic freedom during the COVID‐19 pandemic," American Journal of Economics and Sociology, Wiley Blackwell, vol. 82(4), pages 349-364, July.
    6. Callais, Justin, 2022. "Free to Grow? A Matching Methods Analysis of Economic Freedom in the United States," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 52(1), December.
    7. Joshua C. Hall & Brad R. Humphreys & Jane E. Ruseski, 2018. "Economic Freedom and Exercise: Evidence from State Outcomes," Southern Economic Journal, John Wiley & Sons, vol. 84(4), pages 1050-1066, April.
    8. 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.
    9. Joshua C. Hall & Donald J. Lacombe & Timothy M. Shaughnessy, 2019. "Economic Freedom And Income Levels Across U.S. States: A Spatial Panel Data Analysis," Contemporary Economic Policy, Western Economic Association International, vol. 37(1), pages 40-49, January.
    10. Vincent Miozzi & Benjamin Powell, 2024. "The Evolution of US State Economic Freedom during the Pandemic’s Second Year," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 39(Summer 20), pages 9-29.
    11. Johan Graafland, 2020. "When Does Economic Freedom Promote Well Being? On the Moderating Role of Long-Term Orientation," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(1), pages 127-153, May.
    12. Graafland, Johan & de Jong, Eelke, 2022. "The moderating role of culture on the benefits of economic freedom: Cross-country analysis," Journal of Comparative Economics, Elsevier, vol. 50(1), pages 280-292.
    13. Petar Stankov, 2017. "Economic Freedom and Welfare Before and After the Crisis," Springer Books, Springer, number 978-3-319-62497-6, February.
    14. Olalekan C. Okunlola & Olumide A. Ayetigbo, 2022. "Economic Freedom and Human Development in ECOWAS: Does Political-Institutional Strength Play a Role?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 1751-1785, September.

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