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Fall 2017
ISSN 0890-913X
Volume 32, Number 3

The Global Spread of Think Tanks and Economic Freedom

Benjamin Powell, Texas Tech University
Matt E. Ryan , Duquesne University
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/index.php?action=ajax&rs=GDMgetPage&rsargs[]=2017 Journal of Private Enterprise vol 32 no 3 Fall parte3.pdf&rsargs[]=0
TheJournalofPrivateEnterprise32(3),2017,1731TheGlobalSpreadofThinkTanksandEconomicFreedomBenjaminPowellTexasTechUniversityMattE.RyanDuquesneUniversity______________________________________________________AbstractOnlyafewcountrieshadfreemarketthinktankspriorto1980.Today,therearenearly500suchthinktanksoperatinginnearly100countries.Weexaminetherolethatthesethinktanksplayedinthesizableincreaseineconomicfreedomaroundtheglobethathasoccurredoverthelastfortyyears.Wefindthataggregatethinktankyearsisassociatedwithlargerincreasesacountryseconomicfreedomscoresoverfive-andten-yearperiods.______________________________________________________JELCodes:H1,P5Keywords:socialchange,economicfreedom,thinktanksI.IntroductionTheperiodfrom1980through2005witnessedasignificantliberalizationoftheworldeconomy.Economicfreedominthe101countriesforwhichtherearedataoverthisperiodincreasedbyanaverageof29percent(Gwartney,Lawson,andHall2014).AndreiShleifer(2009)dubbedthisperiodofincreasedfreedomandtheaccompanyingincreasesinlivingstandardsTheAgeofMiltonFriedman.”Duringthissameperiod,market-orientedthinktanksspreadrapidlyaroundtheglobe.Thispaperinvestigatestherelationshipbetweenthespreadoffreemarketthinktanksandtheglobalincreaseineconomicfreedom.WethankRusselSobel,associateeditorDianaThomas,andtwoanonymousrefereesfordetailedsuggestionsonearlierdrafts;theparticipantsatTexasTechsFreeMarketInstituteseminarseriesforhelpfulcommentsonanearlierdraft;RyanGriggsforresearchassistance;theAtlasFoundationforprovidingthinktankdata;andtheJohnTempletonFoundationforfinancialsupport.
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