Search results for "Economic freedom"
showing 10 items of 11 documents
Economic Freedom and the Pursuit of Happiness
2011
Coordinates of the Relationship Between Taxation and Competitiveness in the European Union
2018
Through specialized studies and research, from the analysis of the specific fiscal indicators is demonstrated the role of taxation for growth and economic development. Since the progress and development of a country is closely related to the level of competitiveness, through this article we will identify the main coordinates of the relationship between taxation and competitiveness. Starting from the structure of the Global Competitiveness Index pillars we will identify the fiscal and budgetary components found directly or indirectly in the construction of the index. Without claiming an exhaustive approach, taking into account the specificity of the fiscal policy of the European Union, we wi…
Economic Freedom and its Measurement
2008
Interest in the measurement of economic freedom originates from two separate lines of inquiry. The first, firmly embedded in the tradition of normative economics, focuses on freedom measurement for enlarging the narrow evaluative bases of welfare economics. The second, rooted in the libertarian tradition, tries to construct objective empirical indices of the extent of economic freedom enjoyed by countries on a world-wide basis. Despite their different origins, methodology and aims, both traditions share a common denominator that informs their theoretical underpinnings and the measures that they construct, viz., individual choice. More precisely, economic freedom measures constructed within …
The impact of information and communication technology (ICT), education and regulation on economic freedom in Islamic Middle Eastern countries
2009
Our study investigated the impact of ICT expansion on economic freedom in the Middle East (Bahrain, Iran, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, and Yemen). Our empirical analysis used archival data from 1995 to 2005; it showed that ICT expansion in the Middle East has been effective both in bridging the digital divide and also in promoting economic freedom in a region that was vulnerable to political, social, and global conflict. However, differences between countries, such as the educational attainment of their citizens and institutional resistance to technology acceptance, both enhanced and restricted the relationship between ICT and economic fre…
Economic freedom and fundamental rights: freedom to conduct business in the multilevel european legal system
2012
La libertad de empresa es utilizada como pretexto para ilustrar las relaciones y jerarquías entre libertades económicas comunitarias y derechos fundamentales en el ordenamiento multinivel europeo. Su estrecha relación con las libertades económicas comunitarias y con el objetivo del mercado interior, han dotado a la libertad de empresa de una especial fortaleza a la hora de dirimir sus eventuales conflictos con otros derechos acogidos aparentemente en pie de igualdad en la reciente redefinición de los objetivos de la UE. Por otro lado, cuando esta primacía se transplanta al ordenamiento interno se corre el riesgo de alterar los equilibrios del sistema de derechos de los Estados, anclados …
Entrepreneurial choices depend on trust : Some global evidence
2022
Interpersonal trust and people’s trust in institutions are important components of social capital, which has been shown to have not only innate social value but also diverse direct and indirect positive social and economic impacts. Using data for an economically and globally diverse group of countries, we examine empirically how changes in interpersonal trust and trust in institutions affect entrepreneurship over time. Our findings suggest that (1) enhancing either type of trust leads to more entrepreneurial activity and (2) an increase in interpersonal trust causes a structural change in the composition of the TEA-type entrepreneurship. Increased trust reduces the share of relatively lower…
Humanities and Social Sciences Latvia. Vol. 23, N. 1
2015
Rewards of reforms: Can economic freedom and reforms in developing countries reduce the brain drain?
2019
The objective of this paper is to investigate the impact of economic freedom on brain drain from developing countries to rich countries. Previous literature on brain drain has examined social, political and economic determinants. However, no study in the literature so far has studied this proposed relationship. We employ the Economic Freedom Index sourced from the Fraser Institute as a proxy for economic freedom and the rate of moderately skilled and highly skilled emigration functions as a proxy for brain drain. Our sample consists of 142 countries covering the period 1990–2010. We estimate the results using a two-way fixed effects regression estimator. The results show that an increase in…
INTERRELATIONS BETWEEN ECONOMIC FREEDOM, KNOWLEDGE ECONOMY AND GLOBAL COMPETITIVENESS – COMPARATIVE ANALYSIS ROMANIA AND EU AVERAGE
2011
Economic Freedom, Knowledge Economy and Global Competitiveness are three of the many and very different dimensions which characterize the level of a country’s performance. This paper tries to present these three important directions, the specific indicators that measure them – IEF, KEI, GCI – and the relationship between them. Also, it will try to demonstrate that countries with free economy can turn into knowledge and competitive economies. Furthermore, it will make a comparative analysis of Romania with the EU countries’ average in order to identify for Romania which pillar’s scores it has to improve.
Competitiveness, Economic Freedom and Real Exchange Rate. Evidence from Romania
2006
In the new context of European Integration, Romania has to improve some important macroeconomic indicators, such as: competitiveness, economic freedom and real exchange rate for a sustainable economic growth. Many authors emphasize that competitiveness and economic freedom affects economic growth through stimulating investment and business environment. The equilibrium exchange rate is crucial as it directly influences external competitiveness, especially through export prices. For Romania, the competitiveness can be improved through the economic freedom growth and the real exchange rate appreciation. But this appreciation must be accompanied by a rise in productivity and in the quality of t…