Economic freedom, as measured by say the Fraser Institute’s EF Index correlates highly with GDP per capita. Alvarez, Geloso and Scheck show that once you take into account the fact that dictators lie, the correlation is even higher! SSRN: The literature connecting economic freedom indexes to income levels and growth generally points in the direction […] The post Economic Freedom, Even More Important Than You Think! appeared first on Marginal REVOLUTION.
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