ECONOMIC FREEDOM AS PRECONDITION FOR ECONOMIC PROSPERITY: CROATIAN EXPERIENCE

Ivana Barkovic ()
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Ivana Barkovic: Faculty of Law in Osijek

Interdisciplinary Management Research, 2010, vol. 6, 566-579

Abstract: The purpose of this paper is to give a brief theoretical overview of the notion of economic freedom and discuss it as being a link between economic opportunity and prosperity. First part of the paper offers definition of the economic freedom, (basic) arguments for the limited role of the state in the national economy as well as it discusses one of indexes - Heritage Foundation Index - used worldwide for measuring economic freedom. Based upon the theoretical overview and presented index, the second part of the paper will evaluate economic freedom in the Republic of Croatia and suggest some policy implication how to redefine the role of the state in order to make it more supportive for market’s needs.

Keywords: economic freedom; index of economic freedom; Heritage Foundation; Croatia (search for similar items in EconPapers)
JEL-codes: Q01 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:osi:journl:v:6:y:2010:p:566-579

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