A Distributional Analysis of the Benefits of Economic Freedom

Authors

Daniel Giedeman, Grand Valley State University
Ryan A. Compton, University of Manitoba
Gary A. Hoover, University of Alabama - Tuscaloosa

Department

Economics

College

Seidman College of Business

Date Range

2011-2012

Abstract

Using US state level economic freedom measures, we investigate the extent that economic freedom affects US State level income, and more importantly how this effect differs across income quintiles. This allows us to look beyond the basic question of whether economic freedom is good for income to the particularly timely question of who benefits and who doesn t. Our results indicate that while economic freedom positively contributes to income growth, the strength of this effect differs across quintiles, and most strikingly, is absent for the lowest income quintile.

Conference Name

Economic and Business Historical Society Annual Meeting

Conference Location

Las Vegas, NV

ScholarWorks Citation

Giedeman, Daniel; Compton, Ryan A.; and Hoover, Gary A., "A Distributional Analysis of the Benefits of Economic Freedom" (2011). Faculty Scholarly Dissemination Grants. 419.
https://scholarworks.gvsu.edu/fsdg/419