IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/21220_4.html
   My bibliography  Save this book chapter

Economic freedom, 1950-2020

In: Handbook of Research on Economic Freedom

Author

Listed:
  • Ryan H. Murphy

Abstract

This chapter constructs the most precise description of worldwide economic freedom from 1950 to 2020 currently available. It does so by chain-linking data at the country level to account for the compositional bias concerning which countries happen to have data available in a given year. In the absence of this correction, the extent of improvements in economic freedom (i.e., liberalizations) is understated. This exercise is repeated for the years 1950-2020 to assess different regions of the world and for 1970-2020 to assess different areas of economic freedom. Globally, liberalizations persisted overall up through 2019, but the extent of the damage caused by COVID-19 to the institutional environment, already clearly significant, may be understated due to the recent lack of updates to certain data.

Suggested Citation

  • Ryan H. Murphy, 2024. "Economic freedom, 1950-2020," Chapters, in: Niclas Berggren (ed.), Handbook of Research on Economic Freedom, chapter 4, pages 47-58, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21220_4
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781802206159.00011
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Economics and Finance;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:21220_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.