A Random Walk to Economic Freedom?

Given the wide use of economic freedom in economic literature it is imperative to understand how economic freedom evolves. Results suggest that levels of economic freedom are dominated by random shocks. Using a test for stationarity devised by Westerlund and Larsson (2012) we are unable to reject th...

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Bibliographic Details
Main Authors: Witte, Mark David, Hefner, Frank
Format: Article
Language:English
Published: Università Carlo Cattaneo LIUC 2013-04-01
Series:The European Journal of Comparative Economics
Subjects:
Online Access:http://eaces.liuc.it/18242979201301/182429792013100102.pdf