Economic freedom and people at risk of poverty in selected Eurozone countries

Liotti Giorgio

International Economics, 2024, vol. 180, issue C

Abstract: This paper investigates whether higher economic freedom and/or lower government intervention in the economy contribute to poverty reduction. Connecting the percentage of people at risk of poverty with the economic freedom index elaborated by the Fraser Institute, and focusing on 12 Eurozone countries in the period between 2000 and 2019, it appears that both higher economic freedom and a lower level of government intervention in the economy (mostly lower spending in government consumption, investment and transfers and subsidies) are associated with an increase in poverty, which stands in contrast to the predictions of neoliberal economic theory.

Keywords: Poverty; Size of government; Economic freedom; Eurozone (search for similar items in EconPapers)
JEL-codes: H50 I30 O52 P10 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:inteco:v:180:y:2024:i:c:s211070172400074x

DOI: 10.1016/j.inteco.2024.100551

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