Wise Technocrats or Black Helicopters? Intergovernmental Organizations and Economic Freedom

Economic Affairs Volume 36, Issue 2, pages 145-154, June 2016

19 Pages Posted: 15 Feb 2016 Last revised: 23 Jul 2016

See all articles by Ryan Murphy

Ryan Murphy

Southern Methodist University (SMU)

Date Written: February 15, 2016

Abstract

This paper explores the relationship between country membership in major intergovernmental organizations and economic freedom. While claiming no broad theoretically-bound robust causal mechanism, I use fixed effects models to find baseline results finding a correspondence between economic freedom and membership in the EU, NATO, WTO, UN, OECD, World Bank, and IMF. While the results are not simple, the strongest findings are negative effects of the UN, IMF, and WTO, and positive effects of the World Bank and possibly the EU. I make no claims of causality. However, whatever the relationship could be endogenous to, for example the international openness of governments, is yet of interest.

Keywords: Economic Freedom, Economic Institutions, European Union, NATO, World Trade Organization, United Nations, OECD, World Bank, IMF

JEL Classification: P48, F50, F53

Suggested Citation

Murphy, Ryan, Wise Technocrats or Black Helicopters? Intergovernmental Organizations and Economic Freedom (February 15, 2016). Economic Affairs Volume 36, Issue 2, pages 145-154, June 2016. Available at SSRN: https://ssrn.com/abstract=2732842 or http://dx.doi.org/10.2139/ssrn.2732842

Ryan Murphy (Contact Author)

Southern Methodist University (SMU) ( email )

6212 Bishop Blvd.
Dallas, TX 75275
United States

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