Effects of Economic Freedom, Regulatory Quality, and Taxation on Real Income

Richard Cebula ()

MPRA Paper from University Library of Munich, Germany

Abstract: This exploratory study investigates the hypothesis that higher levels of economic freedom in an “economic region” promote a higher level of economic activity and hence yield higher levels of per capita real income in that economic region, ceteris paribus. However, in the pursuit of a broader perspective, this study also investigates the hypothesis that the higher the taxation level relative to GDP, the lower the per capita real income level. Finally, in the pursuit of a broader perspective, this study also investigates the hypothesis that higher quality regulation leads to higher per capita real income level.

Keywords: economic freedom; tax burden; regulatory quality (search for similar items in EconPapers)
JEL-codes: H24 H25 H26 H31 H32 O41 O44 P14 (search for similar items in EconPapers)
Date: 2013-11-05
New Economics Papers: this item is included in nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:55421

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