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Digital Library of the
European Council for Modelling and Simulation |
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Title: |
A Model
For The Measurement Of Economic Freedom |
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Authors: |
Ángel Díaz, José Luis Montes |
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Published in:
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ECMS
2008 Proceedings Edited
by: Loucas S. Louca, Yiorgos Chrysanthou, Zuzana Oplatkova, Khalid Al-Begain ISBN:
978-0-9553018-6-5 Doi: 10.7148/2008 22nd
European Conference on Modelling and Simulation, Nicosia, June
3-6, 2008 |
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Citation
format: |
Diaz, A. (2008). A Model For The
Measurement Of Economic Freedom. ECMS 2008 Proceedings edited by: L. S. Louca, Y. Chrysanthou, Z. Oplatkova, K. Al-Begain
(pp. 357-360). European Council for Modeling and Simulation. doi:10.7148/2008-0357 |
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DOI: |
http://dx.doi.org/10.7148/2008-0357 |
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Abstract: |
The paper presents, by means of a
structural equations model, an account of the economic freedom factors and
their importance. Considering that economic freedom manifests through:
business freedom, trade freedom, fiscal freedom, government size, monetary
freedom, investment freedom, financial freedom, property rights, freedom from
corruption and labour freedom. Results show that
all the considered freedoms have statistical significance, being the
most influential the ones related to the property rights and the freedom from
corruption. Besides, an objective economic freedom index is developed through
a new, structural equations based, methodology. |
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