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Economic freedom and the economic effects of crises

In: Handbook of Research on Economic Freedom

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  • Jamie Bologna Pavlik

Abstract

Economic freedom has been shown to be fundamental to economic growth and development. It has also been shown to be an important factor in mitigating the negative economic fallout associated with a variety of crisis types (e.g., pandemic, financial, and natural disasters). Economic freedom creates an environment that is conducive to entrepreneurship and gives individuals the flexibility necessary to react to crisis situations. This chapter reviews the existing literature on this topic and offers some preliminary evidence concerning the economic impact of COVID-19. Understanding economic freedom’s role in COVID-19 related recovery is an interesting area for future research.

Suggested Citation

  • Jamie Bologna Pavlik, 2024. "Economic freedom and the economic effects of crises," Chapters, in: Niclas Berggren (ed.), Handbook of Research on Economic Freedom, chapter 22, pages 330-342, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21220_22
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    File URL: https://www.elgaronline.com/doi/10.4337/9781802206159.00032
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    Keywords

    Economics and Finance;

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