What do macroeconomic and political-economy data tell us about economic freedom?
Raphael Franck ()
Applied Economics Letters, 2010, vol. 17, issue 3, 269-272
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
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
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
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 ().