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Democracy and economic freedom

In: Handbook of Research on Economic Freedom

Author

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  • Abishek Choutagunta
  • Jerg Gutmann

Abstract

This chapter revisits the relationship between democracy and economic freedom and replicates and updates the seminal study in this literature. Specifically, we test whether the initial level of democracy in a country influences changes in economic freedom in a panel of 102 countries between 1975 and 2020. Although our results are less robust than those in the original study, they seem to support a positive influence of democracy on economic freedom in non-OECD countries.

Suggested Citation

  • Abishek Choutagunta & Jerg Gutmann, 2024. "Democracy and economic freedom," Chapters, in: Niclas Berggren (ed.), Handbook of Research on Economic Freedom, chapter 10, pages 133-143, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21220_10
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    File URL: https://www.elgaronline.com/doi/10.4337/9781802206159.00019
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    Keywords

    Economics and Finance;

    Statistics

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