1. Show or hide comments about the document.

  2. Search over the document's text.

  3. Share the document through social networks or e-mail.

  4. After selecting an area on the page.

  5. ...you can:
    copy the text
    share the segment
    comment
    cite the document

Fall 2007
ISSN 0890-913X
Volume 23, Number 1

Short Run Macroeconomic Performance and Economic Freedom: Can Economic Growth Rates be Higher and More Stable?

Jody W. Lipford, Presbyterian College
Download Share e-mail
  • << Back to editing
  • Previous version by
  • << Older
  • Newer >>
  • Revert to this one
  • Edit
  • Fullscreen
  • Show comments
  •  
  •  
  •  
  •  
  • Zoom:
     
     
  • Page:  / 27
  •  
  •  
  •  
  • Line spacing:
     
     
  • Word spacing:
     
     
  • Search:FindClose
 
search results
 
 
 
 
 
 
 
 
 
 
 
410
642
1
0
/jpe/index.php?action=ajax&rs=GDMgetPage&rsargs[]=Fall2007 1.pdf&rsargs[]=0
JournalofPrivateEnterprise,VolumeXXIII,Number1,Fall2007ShortRunMacroeconomicPerformanceandEconomicFreedom:CanEconomicGrowthRatesbeHigherandMoreStable?JodyW.LipfordlPresbyterianCollegeAbstractEconomistshaveexaminedtheeffectsofeconomicfreedomoneconomicoutcomessuchasgrowth,incomeinequality,andqualityoflife.Yet,economistshavenotexaminedoneofthechiefcriticismsofmarketcapitalism:unstablegrowth.InthispaperIexaminethelinkbetweenmarketcapitalism,asmeasuredbyaneconomicfreedomindex,andshortrunmacroeconomicperformance.Regressionresultsprovidenoevidencethateconomicfreedomincreasesfluctuationsinthebusinesscycle,butinsteadsupportthehypothesisthateconomicfreedomdecreasesthesefluctuations.Economicfreedomappearstonotonlyraisematerialstandardsofliving,butalsotomitigatefluctuationsaroundthosestandards.1IthankJacHeckelman,JeffreyPompe,JerrySlice,RobertD.Tollison,BruceYandle,participantsinasessionofthe2006APEEmeeting,twoanonymousreferees,andtheeditorofthisjournalforhelpfulcomments.JodyW.Lipford3
GLIFOS-digital_archive