Market‐oriented institutions and policies and economic growth: A critical survey

Jakob de Haan · Susanna Lundström A · Jan‐Egbert Sturm

475 citations0/0 files storedJournal of Economic Surveys

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corruption and Economic Development Economic Growth and Productivity Culture, Economy, and Development Studies

Abstract

Abstract. This paper surveys recent evidence suggesting that market‐oriented institutions and policies are strongly related to economic growth, focusing on studies using the economic freedom (EF) indicator of the Fraser Institute. This index is critically discussed. Also various serious shortcomings of empirical studies using this index are identified. Nevertheless, there are strong indications that liberalization, i.e. an increase in the EF index, stimulates economic growth. This paper also reviews studies on the determinants of EF. Political liberalization is often found to enhance economic liberalization, whereas there is less evidence for causality running in the other direction.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 475 citations exist upstream.

References

1992A Contribution to the Empirics of Economic Growth 200261. Capitalism and Freedom 1990Government Spending in a Simple Model of Endogeneous Growth 1991A SENSITIVITY ANALYSIS OF CROSS-COUNTRY GROWTH REGRESSIONS 1995Economic Reform and the Process of Global Integration 1983Structure and Change in Economic History 1982Structure and Change in Economic History.2004Do Institutions Cause Growth?

Cited by

2010Do liberalization and globalization increase income inequality?2008The impact of political leaders' profession and education on reforms 2008The effect of economic freedom on growth revisited: New evidence on causality from a panel of countries 1970–1999 2008Liberalization without Retrenchment: Understanding the Consensus on Swedish Welfare State Reforms 2011Panel evidence on economic freedom and growth in the United States 2007Do political variables affect fiscal policy adjustment decisions? New empirical evidence

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.