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Economic Freedom of the World in the universe of measuring institutions

In: Handbook of Research on Economic Freedom

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  • Ryan H. Murphy

Abstract

There are numerous measures of institutional quality, among them Economic Freedom of the World. This chapter situates Economic Freedom of the World among these measures. There are other measures of economic freedom which focus on other points in time or subregions within countries. But there is also overlap between Economic Freedom of the World and other measures of institutional quality that are different conceptually, such as globalization, the rule of law, the business environment, and even certain measures of democracy. The depth of data now available for researchers now allows one to test hypotheses concerning economic freedom and institutional quality in a variety of nuanced ways.

Suggested Citation

  • Ryan H. Murphy, 2024. "Economic Freedom of the World in the universe of measuring institutions," Chapters, in: Niclas Berggren (ed.), Handbook of Research on Economic Freedom, chapter 3, pages 31-45, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21220_3
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    File URL: https://www.elgaronline.com/doi/10.4337/9781802206159.00009
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    Keywords

    Economics and Finance;

    Statistics

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