Steady state economic freedom

IF 0.9 Q3 ECONOMICS

Economics and Business Letters Pub Date : 2023-07-13 DOI:10.17811/ebl.12.2.2023.132-136

Ryan H. Murphy

引用次数: 0

Abstract

This note projects forward into the distant future the number of countries existing under regimes of different levels of economic liberalism by deriving a transition probability matrix from Economic Freedom of the World data. Naively extrapolating trends from 1970-2020 suggests a modest majority of 165 countries will be economically free in the long-run steady state, with results driven by improvements in variables associated with the freedom to trade internationally and especially the quality of the legal system and property rights.

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稳定的经济自由

本说明通过从世界经济自由度数据中得出过渡概率矩阵，预测了在不同程度的经济自由主义制度下存在的国家数量。天真地推断1970-2020年的趋势表明，165个国家中的绝大多数将在长期稳定状态下实现经济自由，其结果是由于与国际贸易自由相关的变量的改善，特别是法律体系和产权的质量。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics and Business Letters ECONOMICS-

CiteScore

1.80

自引率

11.10%

发文量

期刊介绍： Economics and Business Letters is an open access journal that publishes both theoretical and empirical quality original papers in all economics and business fields. In addition, relevant discussions on current policy issues will be considered for the Policy Watch section. As general strategy of EBL, the journal will launch calls for papers for special issues on topics of interest, generally with invited guest editors. The maximum length of the letters is limited to 2,500 words.