Economic Freedom and Real Income

Maggie Foley and J.R. Clark

Journal of Regional Analysis and Policy, 2016, vol. 46, issue 01

Abstract: This article further investigates the critical relationship between economic freedom and real income levels. Treating member nations of the OECD as de facto economic and political regions, the estimations in this empirical study all provide strong support for the three hypotheses considered here: (1) the higher the overall degree of economic freedom, the higher the per capita real income level; (2) the higher the level of regulatory quality, the higher the level of per capita real income; and (3) the higher the tax burden, expressed as a percent of GDP, the lower the level of per capita real income.

Keywords: Agricultural and Food Policy; Agricultural Finance (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/244625/files/Journal%204.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jrapmc:244625

DOI: 10.22004/ag.econ.244625

Access Statistics for this article

More articles in Journal of Regional Analysis and Policy from Mid-Continent Regional Science Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().