Show or hide comments about the document.
Search over the document's text.
Share the document through social networks or e-mail.
After selecting an area on the page.
...you can:
copy the text
share the segment
comment
cite the document

Fall 2007

ISSN 0890-913X

Volume 23, Number 1

Categories: Economics | Fall 2007

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

Jody W. Lipford, Francis Marion University - United States of America

Download

e-mail

<< Back to editing
Previous version by
<< Older
Newer >>
Revert to this one

Edit
Cancel
Fullscreen

Show comments
Zoom:
Page: / 27

Line spacing:
Word spacing:

Search:FindClose

search results

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

Metadata [hide]

Title	Short Run Macroeconomic Performance and Economic Freedom: Can Economic Growth Rates be Higher and More Stable?
Authors/Creators:	Jody W. Lipford, Francis Marion University - United States of America
Year:	2007
Volume:	23
Number:	1
Pages:	3 - 29
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Economic freedom, Capitalism, Economic development, Income inequality, Standard of living, Macroeconomics

Citation:
Lipford, Jody W. / 2007. "Short Run Macroeconomic Performance and Economic Freedom: Can Economic Growth Rates be Higher and More Stable?." The Journal of Private Enterprise, 23(1): 3-29.