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When I attended graduate school in economics at Yale, one of my professors, Henry Wallich, in 1960 published a book entitled The Cost of Freedom. This book reflected the conventional wisdom of the t...
Foreign aid has had, and continues to have, a multiplicity of goals. Five decades of development assistance have provided an adequate historical record by which to judge to what extent aid successfu...
The successes or failures of monetary reforms in Latin America have depended on the financial liberalizations that accompanied them and on the peculiarities of attendant financial regulations and pr...
In recent years, a renewed interest has been shown in trying to further comprehend the factors that determine a country’s rate of economic growth. This is important since a higher growth rate means ...
Lon Fuller (1964: 30) defines law to be ‘‘the enterprise of subjecting human conduct to the governance of rules.’’ The key components of economic freedom arise through such an enterprise when instit...
Two developments in the 1980s revived interest in growth theory and modified the way most economists study the determinants of growth. First, the contributions by Romer (1986) and Lucas (1988) laun...
The last three decades have witnessed an unprecedented expansion of market-based reforms and the profusion of economic freedom in the international system. This shift in economic policy has sparked ...
Ireland was one of Europe’s poorest countries for more than two centuries. Yet, during the 1990s, Ireland achieved a remarkable rate of economic growth. By the end of the decade, its GDP per capita ...
In the 1950s and 1960s, many Africans believed that independence would change prospects for rapid economic growth and development.
Since 1986, a group of researchers associated with the Fraser Institute have focused on the definition and measurement of an internationally comparable index of economic freedom (Easton and Walker ...
In the past few decades, the issues in the literature on economic growth have broadened from the development of general theories of growth, largely based on Solow (1956), toward an examination of wh...
For some time there has been a debate about the effect of economic freedom on economic growth and development (Beach and Davis 1999: 10; de Haan and Siermann 1998; de Haan and Sturm 2000; Edwards 1...
Economic freedom indexes, especially the Fraser Institute/Cato Institute Economic Freedom of the World (EFW) index and the Heritage Foundation/Wall Street Journal Index of Economic Freedom, are bec...
This article adds to the empirical literature on the relationship between corruption and economic growth by incorporating the impact of economic freedom. We utilize an econometric model with two im...

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