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Summer 2024

ISSN 0890-913X

Volume 39, Number 2

The Evolution of US State Economic Freedom during the Pandemic’s Second Year

Vincent Miozzi, Florida Southern College

Benjamin Powell, Texas Tech University

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Miozzi,Vincent,andBenjaminPowell.2024.“TheEvolutionofUSStateEconomicFreedomduringthePandemic’sSecondYear.”JournalofPrivateEnterprise,39(2):9–29.TheEvolutionofUSStateEconomicFreedomduringthePandemic’sSecondYearVincentMiozziFloridaSouthernCollegeUnitedStatesofAmericaBenjaminPowellTexasTechUniversityUnitedStatesofAmericaAbstractThisarticleupdatesameasureoflockdownregulatoryfreedomfor2021andadjuststheeconomicfreedomscoresofUSstates—asmeasuredintheEconomicFreedomofNorthAmericaindex—toaccountforhowlockdownregulationsaffectedeconomicfreedom.WealsousethemeasuretoassesshowoveralleconomicfreedomevolvedfromtheonsetoftheCOVID-19pandemicthrough2021.Whenscoresarenotadjustedforlockdownregulations,averageeconomicfreedomacrossthefiftystatesappearsessentiallyunchangedfrom2019through2021.Incontrast,ourlockdown-adjustedfreedomscoresrevealthataverageeconomicfreedomplungedin2020andwhilefreedomincreasedin2021,theincreasewasinsufficienttooffsetthesubstantialdeclineexperiencedin2020.JELCodes:D70,I18,H10Keywords:economicfreedom,pandemic,COVID-19,lockdownsI.IntroductionInthewakeoftheCOVID-19pandemic,governmentsswiftlyimplementedanarrayofnovelregulatorylockdownmeasuresthatvariedsignificantlyacrossjurisdictionsatboththenationalandstatelevels(MiozziandPowell2023a,2023b).Thesepandemicregulationsdecreasedeconomicfreedombyrestrictingtheabilitytoengageinmarkettransactionsandthetermsonwhichexchangecouldtakeplace.However,theseunprecedentedregulationswerenotcapturedinexistingmeasuresofeconomicfreedompreciselybecausetheywereunprecedented.MiozziandPowell(2023a)werethefirsttomeasurehowvariouspandemic-relatedregulatoryapproachesaffectedglobaleconomic

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Title	The Evolution of US State Economic Freedom during the Pandemic’s Second Year
Authors/Creators:	Vincent Miozzi, Florida Southern College Benjamin Powell, Texas Tech University
Year:	2024
Volume:	39
Number:	2
Pages:	9 - 29
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	economic freedom, pandemic, COVID-19, lockdowns

Citation:
Miozzi, Vincent; Powell, Benjamin / 2024. "The Evolution of US State Economic Freedom during the Pandemic’s Second Year." The Journal of Private Enterprise, 39(2): 9-29.