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Economic Freedom And The Size Of Government
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Book Synopsis Economic Freedom and the Size of Government by : James E. Mahon
Download or read book Economic Freedom and the Size of Government written by James E. Mahon and published by . This book was released on 2015 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the relationship between government size and economic freedom, relating these patterns to theories of fiscal politics. In order to address current political controversies, it uses data on pre-1990 OECD members (minus Norway) for central government tax revenues and spending, as well as indicators of economic freedom derived from the Fraser Institute, ICRG, Heritage Foundation, and the World Bank. It finds that it matters a great deal whether we define size as expenditures or taxation. Spending has no relationship with freedom, or a negative one, across this data set. Initial tax revenue levels, however, positively predict subsequent changes in economic freedom. We find similar patterns using different measures of economic freedom and whether we use annual data (1995-2010) or overlapping six-year averages going back to 1970-75. These results challenge the common preconception that taxes and economic freedom are negatively related. In addition, the divergence between tax revenue and spending in this regard is more consistent with a “fiscal contract” model of the state, in which taxation and economic freedom go together, as governments attend to their legitimacy and the health of the private sector in order to increase revenue, but flag in these efforts when they enjoy sources of income other than taxes.
Book Synopsis The Index of Economic Freedom by : Bryan T. Johnson
Download or read book The Index of Economic Freedom written by Bryan T. Johnson and published by . This book was released on 1995-01-01 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1995 index of economic freedom / by Bryan T. Johnson and Thomas P. Sheehy.
Book Synopsis Government Size and Implications for Economic Growth by : Andreas Bergh
Download or read book Government Size and Implications for Economic Growth written by Andreas Bergh and published by AEI Press. This book was released on 2010-07-16 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government Size and Economic Growth concludes that, in every case, economic freedom is a crucial determinant of economic growth_suggesting that government intervention in the marketplace may be the wrong approach to solving the economic crisis.
Book Synopsis The Design and Use of Political Economy Indicators by : K. Banaian
Download or read book The Design and Use of Political Economy Indicators written by K. Banaian and published by Springer. This book was released on 2008-11-10 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume seeks to provide a critical and technical look at international political economic indices (PEIs). It examines measurement issues, relates PEIs to economic theory, and suggests better measures than those currently used.
Author :Edgar Augustus Jerome Johnson Publisher :Minneapolis : University of Minnesota Press ISBN 13 :9780816606641 Total Pages :335 pages Book Rating :4.6/5 (66 download)
Book Synopsis The Foundations of American Economic Freedom by : Edgar Augustus Jerome Johnson
Download or read book The Foundations of American Economic Freedom written by Edgar Augustus Jerome Johnson and published by Minneapolis : University of Minnesota Press. This book was released on 1973 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Government Size and Growth by : Andreas Bergh
Download or read book Government Size and Growth written by Andreas Bergh and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several recent studies have found a negative relation between government size and economic growth in rich countries. Since countries with big government have experienced above average improvements in both the Economic freedom index and the KOF globalization index, we argue that existing studies suffer from an omitted variable problem. Using Bayesian Averaging over Classical Estimates (BACE) in a panel of OECD countries, we show that the negative effect from government size is very robust and may have been underestimated in previous studies. The dataset is an updated and extended version of the data used by Fölster and Henrekson (2001), covering the period 1970-1995. We find clear evidence that globalization has a positive effect on growth, but find no effect of economic freedom. Finally, we find that the negative effect of government size decreases substantially in size but remains significant when we add the period 1996-2005 to the sample. Our results support the idea that countries with big government can use institutional quality such as economic freedom and globalization to mitigate negative growth effects of taxes and public expenditure.
Book Synopsis Economic Freedom and Prosperity by : Benjamin Powell
Download or read book Economic Freedom and Prosperity written by Benjamin Powell and published by Routledge. This book was released on 2018-10-03 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory and a growing body of empirical research support the idea that economic freedom is an important ingredient to long-run economic prosperity. However, the determinants of economic freedom are much less understood than the benefits that freedom provides. Economic Freedom and Prosperity addresses this major gap in our knowledge. If private property and economic freedom are essential for achieving and maintaining a high standard of living, it is crucial to understand how improvements in these areas have been achieved and whether there are lessons that can be replicated in less free areas of the world today. In this edited collection, contributors investigate this research question through multiple methodologies. Beginning with three chapters that theoretically explore ways in which economic freedom might be better achieved, it then moves on to a series of empirical chapters that examine questions including the speed and permanence of reform, the deep long-run determinants of economic freedom, the relationship between voice and exit in impacting freedom, the role of crises in generating change, and immigration. Finally, the book considers the evolution of freedom in China, development economics, and international trade, and it concludes with a consideration of what is necessary to promote a humane liberalism consistent with economic freedom. Economic Freedom and Prosperity will be of great interest to all social scientists concerned with issues of institutional change. It will particularly appeal to those concerned with economic development and the determinants of an environment of economic freedom.
Book Synopsis Economic Freedom of North America by : Amela Karabegović
Download or read book Economic Freedom of North America written by Amela Karabegović and published by The Fraser Institute. This book was released on 1996 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the ninth edition of the annual report, Economic Freedom of North America. The results of this year's study confirm those published in the previous eight editions: economic freedom is a powerful driver of growth and prosperity. Those provinces and states that have low levels of economic freedom continue to leave their citizens poorer than they need or should be.
Download or read book Freedom Manifesto written by Steve Forbes and published by Crown Currency. This book was released on 2012-08-21 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Steve Forbes, the iconic editor in chief of Forbes Media, and Elizabeth Ames coauthors of How Capitalism Will Save Us—comes a new way of thinking about the role of government and the morality of free markets. Americans today are at a turning point. Are we a country founded on the values of freedom and limited government, as envisioned by the founding fathers in the Declaration of Independence and the Constitution? Or do we want to become a European-style socialist democracy? What best serves the public good—freedom or Big Government? In Freedom Manifesto, Forbes and Ames offer a new twist on this historic debate. Today’s bloated and bureaucratic government, they argue, is anything but a force for compassion. Instead of assuring fairness, it promotes favoritism. Instead of furthering opportunity, it stifles economic growth. Instead of unleashing innovation and material abundance, its regulations and price controls create rigidity and scarcity. Not only are Big Government’s inefficient and ever-expanding bureaucracies ill-equipped to deliver on their promises—they are often guilty of the very greed, excess, and corruption routinely ascribed to the private sector. The only way to a truly fair and moral society, the authors say, is through economic freedom—free people and free markets. Throughout history, open markets have helped the poor and everyone else by unleashing unprecedented creativity, generating wealth, and raising living standards. Promoting trust, generosity, and democracy, economic freedom has been a more powerful force for individual rights, self-determination—and humanity—than any government bureaucracy. Freedom Manifesto captures the spirit of a new movement that is questioning old ideas about the morality of government and markets for the first time since the Great Depression. Going beyond the familiar explanations and sound bites, the authors provide a fully developed framework of “first principles” for a true understanding of the real moral and ethical distinctions between more and less government. This timely and provocative book shows why free markets and liberty are the only way to a better future and a fair and humane society.
Book Synopsis 2008 Index of Economic Freedom by : Kim R. Holmes
Download or read book 2008 Index of Economic Freedom written by Kim R. Holmes and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: When institutions protect the liberty of individuals, greater prosperity results for all. Economist Adam Smith formed this theory in his influential work, The Wealth of Nations, in 1776. In 2008, his theory is measured-and proven-in the Index of Economic Freedom, an annual guide published by the Wall Street Journal and the Heritage Foundation, Washington's no. 1 think tank. Since 1995, the Index has brought Smith's theories about liberty, prosperity and economic freedom to life by crating 10 benchmarks (business freedom, trade freedom, fiscal freedom, government size, monetary freedom, investment freedom, financial freedom, property rights, freedom from corruption and labor freedom) that gauge the realities of economic life in countries around the world. With its user-friendly format, readers can see how 18th century theories on prosperity and economic freedom are realities in the 21st century.
Book Synopsis Government Size and Economic Growth by : Richard K. Vedder
Download or read book Government Size and Economic Growth written by Richard K. Vedder and published by . This book was released on 1998 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Freedom in the 50 States by : William Ruger
Download or read book Freedom in the 50 States written by William Ruger and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study ranks the American states according to how their public policies affect individual freedoms in the economic, social, and personal spheres. Updating, expanding, and improving upon the three previous editions of Freedom in the 50 States, the 2016 edition examines state and local government intervention across a wide range of policy categories -- from tax burdens to court systems, from eminent domain laws to occupational licensing, and from homeschooling regulation to drug policy. Freedom in the 50 States remains the only index that measures both economic and personal freedoms.
Book Synopsis World Survey of Economic Freedom 1995-1996 by : Richard E. Messick
Download or read book World Survey of Economic Freedom 1995-1996 written by Richard E. Messick and published by Transaction Publishers. This book was released on 1996-01-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Survey of Economic Freedom re-ports on eighty-two nations in the Americas, Western Europe, Central East Europe, and NIS (Newly Independent States), Asia, the Middle East, and Africa surveyed by Freedom House during 1995. For each nation, background information is provided, as well as answers to questions about freedom to hold property, to earn a living, to operate a business, to invest one's earnings, to trade internationally, to participate in a market economy, and freedom from unreasonable government interference in the economy. By focusing attention on nations in which economic freedom is denied, and in which individuals are not free to buy, sell, and trade in a market economy, this Freedom House survey advances the cause of democracy.
Book Synopsis Compendium of Studies on the Optimal Size of Government and Related Budget Issues by :
Download or read book Compendium of Studies on the Optimal Size of Government and Related Budget Issues written by and published by . This book was released on 1999 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis 2008 Index of Economic Freedom by : Kim R. Holmes
Download or read book 2008 Index of Economic Freedom written by Kim R. Holmes and published by . This book was released on 2008 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: When institutions protect the liberty of individuals, greater prosperity results for all. Economist Adam Smith formed this theory in his influential work, The Wealth of Nations, in 1776. In 2008, his theory is measured-and proven-in the Index of Economic Freedom, an annual guide published by the Wall Street Journal and the Heritage Foundation, Washington's no. 1 think tank. Since 1995, the Index has brought Smith's theories about liberty, prosperity and economic freedom to life by crating 10 benchmarks (business freedom, trade freedom, fiscal freedom, government size, monetary freedom, investment freedom, financial freedom, property rights, freedom from corruption and labor freedom) that gauge the realities of economic life in countries around the world. With its user-friendly format, readers can see how 18th century theories on prosperity and economic freedom are realities in the 21st century.
Book Synopsis Economic Freedom of the World, 1975-1995 by : James D. Gwartney
Download or read book Economic Freedom of the World, 1975-1995 written by James D. Gwartney and published by . This book was released on 1996 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Derives an indicator for economic freedom based on personal choice, protection of private property, and freedom of exchange. Considers levels and trends in economic freedom, and their correlation with economic growth in 103 countries.
Book Synopsis Economic Freedom and the American Dream by : J. Shaanan
Download or read book Economic Freedom and the American Dream written by J. Shaanan and published by Springer. This book was released on 2010-01-04 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shaanan challenges the conventional view that unrestricted economic freedom enhances our economic and political well being. He demonstrates that unrestricted economic freedom provides benefits but also inflicts a heavy toll on democracy, free markets and, paradoxically, economic freedom itself.
