A well-developed body of literature has detected positive effects of technology investments on economic growth. We contribute to this literature by studying the joint effects of technology and economic freedom on economic growth. Using two different time points, 1990 and 2000, and a sample of over 100 countries, we find that economic freedom enhances the effect of technology on economic growth....

Institutional freedom is considered one of the most important factor in the debate of economic growth of nations. Most prominent kinds of institutional freedom which actively take part in economic prosperity are democracy (political liberalization) and economic freedom (business liberalization). In the history of economic growth savings and investment issues have their unique importance. More o...

The Heritage Foundation and the Fraser Institute measure economic freedom in nations using indices with ten and five indicators respectively. Eight of the Heritage indicators and four of the Fraser-indicators are about specific types of institutional quality, like rule of law, the protection of property, and the provision of sound money. More of these is considered to denote more economic freed...

Centrally planned economies failed due to their denial of individual freedom. Similarly, the existing capitalism has monopolized nature, culture, and the economy around the world and will also destroy itself due to a lack of individual freedom, and the resulting compulsion to economic growth. Microcapitalism maximizes individual freedom and minimizes concentration of economic power and abolishe...

The purpose of this study is to explain the statistical variation in economic growth rates in a broad cross-section of countries, over the period 1980-99. This problem will be addressed within the framework of the so-called “growth-regression” approach, which seeks to explain this variation by relating economic growth to a list of potential explanatory variables. A large number of studies publi...