Who benefits from economic freedom?: Unraveling the effect of economic freedom on subjective well-being
Who benefits from economic freedom? Results from a panel of 86 countries over the 1990-2005 period suggest that overall economic freedom has a significant positive effect on subjective well-being. Its dimensions legal security and property rights, sound money, and regulation are in particular strong...
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
19 June 2013
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| In: |
World development
Year: 2013, Volume: 50, Pages: 74-90 |
| ISSN: | 1873-5991 |
| DOI: | 10.1016/j.worlddev.2013.05.003 |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.worlddev.2013.05.003 Verlag, lizenzpflichtig, Volltext: https://www.sciencedirect.com/science/article/pii/S0305750X13001150 
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| Author Notes: | Kai Gehring |
| Summary: | Who benefits from economic freedom? Results from a panel of 86 countries over the 1990-2005 period suggest that overall economic freedom has a significant positive effect on subjective well-being. Its dimensions legal security and property rights, sound money, and regulation are in particular strong predictors of higher well-being. The overall positive effect is not affected by socio-demographics; the effects of individual dimensions vary, however. Developing countries profit more from higher economic freedom, in particular from reducing the regulatory burden. Culture moderates the effect: societies that are more tolerant and have a positive attitude toward the market economy profit the most. |
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| Item Description: | Gesehen am 17.03.2021 |
| Physical Description: | Online Resource |
| ISSN: | 1873-5991 |
| DOI: | 10.1016/j.worlddev.2013.05.003 |