Economic freedom and bureaucracy: Romania versus Bulgaria

Radu Şimandan

Economic Studies journal, 2011, issue 4, 132-145

Abstract: In this article, we critically analyze some recent attempts to assess the degree of economic freedom that countries around the world enjoy. The devised indices measure the consistency of a nation’s policies and institutions with economic freedom. Although there seems to be a consensus among economists that in those countries where economic freedom is maintained economic growth follows, this hypothesis has yet to be empirically proven. The problem of bureaucratic decision-making, as a mechanism that may interfere with the economic freedom is also discussed. We then study the case of two quasi-similar, neighboring countries embarked on European integration, namely Romania and Bulgaria.

JEL-codes: B25 D73 H83 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2011:i:4:p:132-145

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