Andreas Bergh
Senior lecturer
Does economic freedom boost growth for everyone?
Author
Summary, in English
While the association between economic freedom and long-term economic growth has been well documented, the parallel research literature on the distributional consequences of economic freedom is full of conflicting findings. In this paper, we take a step toward reconciling these two bodies of literature by exploring the within-quintile growth consequences of changes in three separate elements of economic freedom: the size of government, institutional quality and and policy quality. Although the distributional consequences of increases in economic freedom are theoretically ambiguous, we find evidence that economic freedom affects all parts of the income distribution equally, in addition to indications that the growth effects are largest for the poorest and richest quintiles.
Department/s
- Department of Economics
Publishing year
2021-05-01
Language
English
Pages
170-186
Publication/Series
Kyklos
Volume
74
Issue
2
Document type
Journal article
Publisher
Wiley-Blackwell
Topic
- Economics and Business
Keywords
- growth
- economic freedom
- distribution
Status
Published
ISBN/ISSN/Other
- ISSN: 0023-5962