Estimating the size of the trade sector in the Economic Freedom of the World index

Joshua Hall, Robert Lawson and Chuck Skipton ()
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Chuck Skipton: University of Tampa

Economics Bulletin, 2011, vol. 31, issue 1, 466-472

Abstract: The Economic Freedom of the World (EFW) index measures the extent to which nations allow their citizens economic freedom. The freedom of people to trade internationally is a featured area within the index. One component of this area is the size of the trade sector, or rather the deviation of a country's trade sector from its expected size. This note explains the basic methodology used to estimate the model and create the ratings for the deviation of a country's trade sector from its expected size component of the EFW index.

Keywords: trade sector; economic freedom; distance-adjusted demand (search for similar items in EconPapers)
JEL-codes: F1 P1 (search for similar items in EconPapers)
Date: 2011-01-30
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Citations: View citations in EconPapers (3)

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