While the association between economic freedom and long-term growth has been well documented, parallel research literature on distributional consequences of is full conflicting findings. In this paper, we take a step toward reconciling these two bodies by exploring within-quintile changes in three separate elements freedom: size government, institutional quality policy quality. Although increas...

This paper addresses the issue of causality in the relationship between various types of institutions—namely, political and economic freedom—and long-run economic growth. It is shown that existing empirical studies of these relationships provide evidence of correlation, but not causation. Granger causality tests of freedom vs. growth, and freedom vs. investment are conducted using aggregate mea...

Numerous studies have explored the relationship between economic freedom and longrun economic growth across countries. See, for example, the studies cited in the recent review by Berggren (2003). One particular aspect of economic freedom that has received relatively little attention in the empirical growth literature, however, is the extent of government regulation. Determining the impact of re...