The browser you are using is not supported by this website. All versions of Internet Explorer are no longer supported, either by us or Microsoft (read more here: https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Please use a modern browser to fully experience our website, such as the newest versions of Edge, Chrome, Firefox or Safari etc.

Andreas Bergh. Photo.

Andreas Bergh

Senior lecturer

Andreas Bergh. Photo.

Does economic freedom boost growth for everyone?

Author

  • Andreas Bergh
  • Christian Bjørnskov

Summary, in English

While the association between economic freedom and long-term economic growth has been well documented, the parallel research literature on the distributional consequences of economic freedom is full of conflicting findings. In this paper, we take a step toward reconciling these two bodies of literature by exploring the within-quintile growth consequences of changes in three separate elements of economic freedom: the size of government, institutional quality and and policy quality. Although the distributional consequences of increases in economic freedom are theoretically ambiguous, we find evidence that economic freedom affects all parts of the income distribution equally, in addition to indications that the growth effects are largest for the poorest and richest quintiles.

Department/s

  • Department of Economics

Publishing year

2021-05-01

Language

English

Pages

170-186

Publication/Series

Kyklos

Volume

74

Issue

2

Document type

Journal article

Publisher

Wiley-Blackwell

Topic

  • Economics and Business

Keywords

  • growth
  • economic freedom
  • distribution

Status

Published

ISBN/ISSN/Other

  • ISSN: 0023-5962