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Linking Labor Productivity to Economic Freedom

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  • Edward Nissan
  • Farhang Niroomand

Abstract

This paper provides a review of the role of enterprise in a capitalistic setting to promote economic growth. For this purpose, two indexes on productivity and economic freedom were utilized to compare countries grouped by region and income. The finding by relating productivity to economic freedom index of the Heritage Foundation indicates a statistically significant relationship between the two. This gives credence to the hypothesis that economic liberalization induces growth, despite significant gaps in the levels of productivity and economic freedom index between groups of countries.

Suggested Citation

  • Edward Nissan & Farhang Niroomand, 2008. "Linking Labor Productivity to Economic Freedom," The American Economist, Sage Publications, vol. 52(2), pages 42-53, October.
    • Handle: RePEc:sae:amerec:v:52:y:2008:i:2:p:42-53
    DOI: 10.1177/056943450805200206
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    References listed on IDEAS

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    Cited by:

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