• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Journal of Financial Economic Policy >Growth-enhancing economic freedom
【24h】

Growth-enhancing economic freedom

机译：促进增长的经济自由

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Purpose - We explore how economic freedom measurements can be used to guide policy. Design/methodology/approach - We propose a method for creating a growth-enhancing economic freedom index, which allows for nonlinearities and interaction effects between the components to economic freedom. We use this method to illustrate that US states differ in which policy area generates the greatest gains. Findings - To validate the method presented, we apply our index to state bond markets. Financial market participants have the incentive to properly evaluate states' policies. If our measurement is useful, then it should correlate with bond ratings. Consistent with this hypothesis, we present evidence that state bond ratings are strongly correlated with our growth-enhancing economic freedom index. Originality/value - It has been well-established that economic freedom is associated with good economic outcomes. Economic freedom is comprised of numerous dimensions. Thus, the marginal benefit of improving policy in one area can be expected to depend on the amount of freedom in the other dimensions. Which policy improvement is most impactful depends on the entire menu of current policies and, therefore, differs between states. Our new method can then be used as a guide to determining for a particular state which policies can be expected to impact economic well-being the most.
机译：目的-我们探索如何使用经济自由度衡量指标来指导政策。设计/方法/方法-我们提出了一种创建增长增长的经济自由指数的方法，该指数考虑到经济自由各要素之间的非线性和相互作用。我们使用这种方法来说明美国各州在哪个政策领域产生最大收益方面存在差异。调查结果-为了验证所提出的方法，我们将指数应用于国家债券市场。金融市场参与者有动机来正确评估各州的政策。如果我们的测量有用，那么它应该与债券评级相关。与此假设一致，我们提供了证据表明，国债评级与我们的增长增长经济自由指数密切相关。原创性/价值-公认经济自由与良好的经济成果相关。经济自由包括许多方面。因此，可以预期在一个领域中改善政策的边际利益取决于其他方面的自由程度。哪种策略改进最有影响力取决于当前策略的整个菜单，因此，各州之间有所不同。然后，我们的新方法可以用作确定特定国家/地区预计哪些政策对经济福祉影响最大的指南。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号