What do macroeconomic and political-economy data tell us about economic freedom?

Raphael Franck

Applied Economics Letters, 2010, vol. 17, issue 3, 269-272

Abstract: We use OLS cross-country regressions and a competitive neural network approach to evaluate the performance of macroeconomic and political-economy data in assessing economic freedom. Our results point to a reasonable performance of the cross-sectional approach in explaining economic freedom scores but to a poor performance of the neural network approach in replicating country rankings provided by the Index of Economic Freedom. Our results thus justify the use of qualitative elements but at the same time call in question the relevance of macroeconomic data in the construction of economic freedom rankings

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13504850701720122 (text/html)
Access to full text is restricted to subscribers.

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:taf:apeclt:v:17:y:2010:i:3:p:269-272

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504850701720122

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().