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The dynamic properties of institutional reform: an analysis of US states

机译:制度改革的动态特性:美国各州的分析

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Decades of research show that economic freedom is highly correlated with desirable economic outcomes both internationally and locally. Yet we still know little about the transition from low to high levels of economic freedom, particularly for institutions under local control. This research shows that while economic freedom in the United States is decreasing with regard to institutions under national control, it is increasing with regard to institutions under state and local control. Economic freedom increases gradually among the states, driven primarily by increasing labor market freedom. Decreases in economic freedom, on the other hand, occur sharply, often following stark changes to state fiscal policies.
机译:数十年的研究表明,经济自由与国际和本地的理想经济成果高度相关。但是,我们对从低水平的经济自由过渡到高水平的经济自由仍然知之甚少,特别是对于地方控制下的机构而言。这项研究表明,虽然美国的经济自由在国家控制下的机构中正在减少,但在国家和地方控制下的机构中却在增加。各州之间的经济自由度逐渐提高,这主要是由劳动力市场自由度的提高所驱动。另一方面,经济自由度急剧下降,通常是在国家财政政策发生重大变化之后。

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