EXTENDING ECONOMIC FREEDOM: THE RIGHT PATH FOR DIMINISHING CORRUPTION AND ECONOMIC STABILITY(1)

Marius-Cristian Pană and Liviu-Cosmin Mosora
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Marius-Cristian Pană: Bucharest Academy of Economic Studies
Liviu-Cosmin Mosora: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 315-321

Abstract: Nowadays, understanding and identifying economic freedom means the existence of an institutional frame, rules which guide human behaviour in a predictable manner. Approaching economic freedom from an institutional point of view is consistent with the political processes and their consequences as it is also with the economic stability. This study emphasizes the correlation between extending economic freedom and the diminution of corruption and economic stability. In order to demonstrate this, we have compared the index of economic freedom and the corruption perception index for various countries using data from specific reports.

Keywords: economic freedom; institutions; corruption; economic stability; rentseeking. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:315-321

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