Download this Paper Open PDF in Browser

Economic Freedom of the Worlds in the 1950s and 1960s

32 Pages Posted: 1 Dec 2016  

Ryan H. Murphy

Southern Methodist University (SMU)

Robert A. Lawson

Southern Methodist University (SMU)

Date Written: November 28, 2016

Abstract

This paper uses newly gathered and available data and autoregressive methods to create an economic freedom index for the 1950s and 1960s for up to 95 countries. This index is designed to be as compatible as possible with the Economic Freedom of the World (EFW) index published annually by the Fraser Institute. Finally, the new index is used to investigate recent a claim attributed to Jeffrey Sachs by Tyler Cowen that institutions are poor predictors of long term economic growth.

Keywords: Economic Freedom, Economic Growth, Institutions

JEL Classification: O43, N10, N40, P51

Suggested Citation

Murphy, Ryan H. and Lawson, Robert A., Economic Freedom of the Worlds in the 1950s and 1960s (November 28, 2016). Available at SSRN: https://ssrn.com/abstract=2876982 or http://dx.doi.org/10.2139/ssrn.2876982

Ryan H. Murphy (Contact Author)

Southern Methodist University (SMU) ( email )

6212 Bishop Blvd.
Dallas, TX 75275
United States

Robert A. Lawson

Southern Methodist University (SMU) ( email )

6212 Bishop Blvd.
Dallas, TX 75275
United States

Paper statistics

Downloads
75
Rank
270,997
Abstract Views
440