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On the Measurement of Comparative Economic Freedom across Nations

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  • Jac C. Heckelman

    (Department of Economics, Wake Forest University, U.S.A.)

Abstract

The measurement of economic freedom is discussed. One particular set of freedom indi-ces developed by Heritage Foundation is detailed, including how the indices are constructed and potential problems in the methodological design. Comparisons are made for the different levels of freedom individual nations and regions achieve.

Suggested Citation

  • Jac C. Heckelman, 2002. "On the Measurement of Comparative Economic Freedom across Nations," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 1(3), pages 251-261, December.
    • Handle: RePEc:ijb:journl:v:1:y:2002:i:3:p:251-261
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    References listed on IDEAS

    as
    1. Gene M. Grossman (ed.), 1996. "Economic Growth," Books, Edward Elgar Publishing, volume 0, number 553.
    2. Steven B. Caudill & Fernando C. Zanella & Franklin G. Mixon, Jr., 2000. "Is Economic Freedom One Dimensional? A Factor Analysis of Some Common Measures of Economic Freedom," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 25(1), pages 17-40, June.
    3. W. Kenn Farr & Richard A. Lord & J. Larry Wolfenbarger, 1998. "Economic Freedom, Political Freedom, and Economic Well-Being: A Causality Analysis," Cato Journal, Cato Journal, Cato Institute, vol. 18(2), pages 247-262, Fall.
    4. Bhagwati, Jagdish N & Srinivasan, T N, 1980. "Revenue Seeking: A Generalization of the Theory of Tariffs," Journal of Political Economy, University of Chicago Press, vol. 88(6), pages 1069-1087, December.
    5. Jac C. Heckelman, 2000. "Economic Freedom and Economic Growth: A Short-run Causal Investigation," Journal of Applied Economics, Universidad del CEMA, vol. 3, pages 71-91, May.
    6. James M. Buchanan & Richard A. Musgrave, 1999. "Public Finance and Public Choice: Two Contrasting Visions of the State," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262024624, April.
    7. Scully, Gerald W & Slottje, Daniel J, 1991. "Ranking Economic Liberty across Countries," Public Choice, Springer, vol. 69(2), pages 121-152, February.
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    Cited by:

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    3. Craig A. Depken, II & Robert J. Sonora, 2005. "Asymmetric Effects of Economic Freedom on International Trade Flows," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 4(2), pages 141-155, August.
    4. Cheang, Bryan & Lim, Hanniel, 2023. "Institutional diversity and state-led development: Singapore as a unique variety of capitalism," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 182-192.

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    More about this item

    Keywords

    economic freedom; methodology;

    JEL classification:

    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

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