The creation of the Economic Freedom of the World index
James Gwartney and
Robert A. Lawson
Chapter 2 in Handbook of Research on Economic Freedom, 2024, pp 16-30 from Edward Elgar Publishing
Abstract:
This chapter describes the historical background, creation, and evolutionary development of the Economic Freedom of the World (EFW) index first published by the Fraser Institute in 1996. The index measures the extent to which the institutions and policies of various countries are coordinated by personal choice, voluntary exchange, open markets, and clearly defined and enforced property rights. The major changes from the initial index to the current more comprehensive measure are also outlined and described. The current EFW index uses 42 different components and sub-components grouped into five major areas to provide a measure of economic freedom for 165 countries and territories. The index makes it possible for researchers to analyze cross-country differences in economic freedom, track changes through time, and examine their impact on the performance of economies.
Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781802206159.00008 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable
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:elg:eechap:21220_2
Ordering information: This item can be ordered from
http://www.e-elgar.com
sales@e-elgar.co.uk
Access Statistics for this chapter
More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla (darrel@e-elgar.co.uk).