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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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TheJournalofPrivateEnterprise32(3),2017,17–31TheGlobalSpreadofThinkTanksandEconomicFreedomBenjaminPowell∗TexasTechUniversityMattE.RyanDuquesneUniversity______________________________________________________AbstractOnlyafewcountrieshadfreemarketthinktankspriorto1980.Today,therearenearly500suchthinktanksoperatinginnearly100countries.Weexaminetherolethatthesethinktanksplayedinthesizableincreaseineconomicfreedomaroundtheglobethathasoccurredoverthelastfortyyears.Wefindthataggregatethinktankyearsisassociatedwithlargerincreasesacountry’seconomicfreedomscoresoverfive-andten-yearperiods.______________________________________________________JELCodes:H1,P5Keywords:socialchange,economicfreedom,thinktanksI.IntroductionTheperiodfrom1980through2005witnessedasignificantliberalizationoftheworldeconomy.Economicfreedominthe101countriesforwhichtherearedataoverthisperiodincreasedbyanaverageof29percent(Gwartney,Lawson,andHall2014).AndreiShleifer(2009)dubbedthisperiodofincreasedfreedomandtheaccompanyingincreasesinlivingstandards“TheAgeofMiltonFriedman.”Duringthissameperiod,market-orientedthinktanksspreadrapidlyaroundtheglobe.Thispaperinvestigatestherelationshipbetweenthespreadoffreemarketthinktanksandtheglobalincreaseineconomicfreedom.∗WethankRusselSobel,associateeditorDianaThomas,andtwoanonymousrefereesfordetailedsuggestionsonearlierdrafts;theparticipantsatTexasTech’sFreeMarketInstituteseminarseriesforhelpfulcommentsonanearlierdraft;RyanGriggsforresearchassistance;theAtlasFoundationforprovidingthinktankdata;andtheJohnTempletonFoundationforfinancialsupport.

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Title	The Global Spread of Think Tanks and Economic Freedom
Authors/Creators:	Benjamin Powell, Texas Tech University Matt E. Ryan , Duquesne University
Year:	2017
Volume:	32
Number:	3
Pages:	17 - 31
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	social change, economic freedom, think tanks

Citation:
Powell, Benjamin; Ryan, Matt E. / 2017. "The Global Spread of Think Tanks and Economic Freedom." The Journal of Private Enterprise, 32(3): 17-31.