The effects of economic freedom, regulatory quality and taxation on the level of per capita real income: a preliminary analysis for OECD nations and non-G8 OECD nations

References

• Abrams, B. A. and Schmitz, M. D. (1978) The ‘crowding out’ effect of government transfers on private charitable contributions, Public Choice, 33, 29–39. doi:10.1007/BF00123940.
   Web of Science ®Google Scholar
• Afonso, A. and Jalles, J. T. (2014) Fiscal composition and long term growth, Applied Economics, 46, 349–58. doi:10.1080/00036846.2013.848030.
   Web of Science ®Google Scholar
• Ali, A. M. (1997) Economic freedom, democracy and growth, Journal of Private Enterprise, 13, 1–20.
   Google Scholar
• Ali, A. M. and Crain, W. M. (2001) Political regimes, economic freedom, institutions and growth, Journal of Public Finance and Public Choice, 19, 3–22.
   Google Scholar
• Ali, A. M. and Crain, W. M. (2002) Institutional distortions, economic freedom and growth, Cato Journal, 21, 415–26.
   Google Scholar
• Allison, J. A. (2013) The Financial Crisis and the Free Market Cure, McGraw-Hill, New York.
   Google Scholar
• Ashby, N. J., Bueno, A. and Martinez, D. (2013) Economic freedom and economic development in the Mexican states, Journal of Regional Analysis and Policy, 43, 21–33.
   Google Scholar
• Beach, W. W. and Kane, T. (2007) Methodology: measuring the 10 economic freedoms, in 2007 Index of Economic Freedom, Kane, T., Holmes, K. R. and O’Grady, M. A.(Eds), Heritage Foundation, Washington, DC, pp. 37–55. Available at http://www.heritage.org/index/download (accessed 5 March 2009).
   Google Scholar
• Belasen, A. R. and Hafer, R. W. (2013) Do changes in economic freedom affect well-being?, Journal of Regional Analysis and Policy, 43, 56–64.
   Google Scholar
• Carlson, K. M. and Spencer, R. W. (1975) Crowding out and its critics, Federal Reserve Bank of St. Louis Review, 60, 1–19.
   Google Scholar
• Cebula, R. J. (1978) An empirical analysis of the ‘crowding out’ effect of fiscal policy in the United States and Canada, Kyklos, 31, 424–36. doi:10.1111/j.1467-6435.1978.tb00650.x.
   Web of Science ®Google Scholar
• Cebula, R. J. (1997) An empirical analysis of the impact of government tax and auditing policies on the size of the underground economy: the case of the United States, 1973–1994, The American Journal of Economics and Sociology, 56, 173–85. doi:10.1111/j.1536-7150.1997.tb03459.x.
   Web of Science ®Google Scholar
• Cebula, R. J. (2010) Impact of trade freedom on per capita real GDP growth among OECD nations: recent panel data evidence, Applied Economics Letters, 17, 1687–90. doi:10.1080/13504850903120709.
   Web of Science ®Google Scholar
• Cebula, R. J. (2011) Economic growth, ten forms of economic freedom, and economic stability, The Journal of Private Enterprise, 26, 61–81.
   Google Scholar
• Cebula, R. J. and Alexander, G. M. (2006) Determinants of net interstate migration, 2000–2004, Journal of Regional Analysis and Policy, 27, 116–23.
   Google Scholar
• Cebula, R. J., Clark, J. R. and Mixon, F. G. (2013) The impact of economic freedom on per capita real GDP: a study of OECD nations, Journal of Regional Analysis and Policy, 34, 34–41.
   Google Scholar
• Cecchetti, S. G. (2006) Money, Banking, and Financial Markets, McGraw-Hill, New York.
   Google Scholar
• Clark, J. R., Boettke, P. J. and Stringham, E. (2008) Are regulations the answer for emerging stock markets? Evidence from the Czech Republic and Poland, The Quarterly Review of Economics and Finance, 48, 541–66. doi:10.1016/j.qref.2007.11.003.
   Google Scholar
• Clark, J. R. and Lawson, R. A. (2008) The impact of economic growth, tax policy, and economic freedom on income inequality, Journal of Private Enterprise, 24, 23–31.
   Google Scholar
• Cole, J. H. (2003) The contribution of economic freedom to world economic growth, 1980–99, Cato Journal, 23, 189–98.
   Google Scholar
• Damette, O. and Fromentin, V. (2013) Migration and labor markets in OECD countries: a panel co-integration approach, Applied Economics, 45, 2295–304. doi:10.1080/00036846.2012.661400.
   Web of Science ®Google Scholar
• Dawson, J. W. (1998) Institutions, investment, and growth: new cross-country and panel data evidence, Economic Inquiry, 36, 603–19. doi:10.1111/j.1465-7295.1998.tb01739.x.
   Web of Science ®Google Scholar
• Dawson, J. W. (2003) Causality in the freedom-growth relationship, European Journal of Political Economy, 19, 479–95. doi:10.1016/S0176-2680(03)00009-0.
   Google Scholar
• De Haan, J. and Sturm, J. (2000) On the relationship between economic freedom and economic growth, European Journal of Political Economy, 16, 215–41. doi:10.1016/S0176-2680(99)00065-8.
   Google Scholar
• Easterly, W. (2011) Benevolent autocrats, Working Paper. Available at http://williameasterly.org/wp-content/uploads/2010/08/BenevolentAutocrats.pdf (accessed 26 July 2014).
   Google Scholar
• Farr, W. K., Lord, R. A. and Wolfenbarger, J. L. (1998) Economic freedom, political freedom, and economic well-being: a causality analysis, Cato Journal, 18, 247–62.
   Google Scholar
• Goel, R. K. and Nelson, M. A. (2014) Whistleblower laws and exposed corruption in the United States, Applied Economics, 46, 2331–41. doi:10.1080/00036846.2014.894633.
   Web of Science ®Google Scholar
• Goldsmith, A. A. (1995) Democracy, property rights and economic growth, The Journal of Development Studies, 32, 157–74. doi:10.1080/00220389508422409.
   Web of Science ®Google Scholar
• Grubel, H. G. (1997) Economic freedom and human welfare: some empirical findings, Cato Journal, 18, 287–304.
   Google Scholar
• Gwartney, J., Lawson, R. and Hall, J. (2012) Economic freedom of the world: 2012 report. Available at http://www.freetheworld.com/datasets_efw.html (accessed 20 June 2014).
   Google Scholar
• Gwartney, J., Lawson, R. and Holcombe, R. (1999) Economic freedom and the environment for economic growth, Journal of Institutional and Theoretical Economics, 155, 643–63.
   Web of Science ®Google Scholar
• Gwartney, J. D., Holcombe, R. G. and Lawson, R. A. (2006) Institutions and the impact of investment on growth, Kyklos, 59, 255–73. doi:10.1111/j.1467-6435.2006.00327.x.
   Web of Science ®Google Scholar
• Hausman, J. A. (1978) Specification tests in econometrics, Econometrica, 46, 1251–71. doi:10.2307/1913827.
   Web of Science ®Google Scholar
• Heckelman, J. C. (2000) Economic freedom and economic growth: a short-run causal relationship, Journal of Applied Economics, 3, 71–91.
   Google Scholar
• Heckelman, J. C. and Stroup, M. D. (2000) Which economic freedoms contribute to economic growth?, Kyklos, 53, 527–44. doi:10.1111/1467-6435.00132.
   Web of Science ®Google Scholar
• Heritage Foundation (2013) Economic freedom indices: explore the data. Available at http://www.heritage.org/Index/Explore.aspx (accessed 20 June 2014).
   Google Scholar
• International Monetary Fund (2013) Data and statistics. Available at http://www.imf.org/external (accessed 20 June 2014).
   Google Scholar
• Islam, S. (1996) Economic freedom, per capita income, and economic growth, Applied Economics Letters, 3, 595–7. doi:10.1080/135048596356032.
   Web of Science ®Google Scholar
• Liu, H. and Riyanto, Y. E. (2009) Ownership of property rights and the allocation of talents, Applied Economics, 41, 3425–36. doi:10.1080/00036840701392869.
   Web of Science ®Google Scholar
• Mathers, R. L. and Williamson, C. (2011) Cultural context: explaining the productivity of capitalism, Kyklos, 64, 231–52. doi:10.1111/j.1467-6435.2011.00504.x.
   Web of Science ®Google Scholar
• Mishkin, F. S. (2013) The Economics of Money, Banking, and Financial Markets, Pearson, New York.
   Google Scholar
• Mulholland, S. E. and Hernandez-Julian, R. (2013) Does economic freedom lead to selective migration by education?, Journal of Regional Analysis and Policy, 43, 65–87.
   Google Scholar
• Nissan, E. and Niroomand, F. (2008) Linking labor productivity to economic freedom, The American Economist, 52, 42–53.
   Google Scholar
• Norton, S. W. (1998) Poverty, property rights, and human well-being: a cross-national study, Cato Journal, 18, 233–46.
   Google Scholar
• OECD (Organization for Economic Co-operation and Development) (2013) OECD economic surveys: statistics from A to Z. Available at http://www.oecd.org/statistics/ (accessed 20 June 2014).
   Google Scholar
• Parjiono, A. B. M., Beg, R. A. and Monypenny, R. (2013) The driving forces of the level and the growth rate of real per capita income in Indonesia, Applied Economics, 45, 2389–400. doi:10.1080/00036846.2012.665599.
   Web of Science ®Google Scholar
• Powell, B. (2003) Economic freedom and growth: the case of the Celtic tiger, Cato Journal, 22, 431–48.
   Google Scholar
• Saltz, I. S. (1998) State income tax policy and geographic labour force mobility in the United States, Applied Economics Letters, 5, 599–601. doi:10.1080/135048598354249.
   PubMed Web of Science ®Google Scholar
• Taylor, M. P. (1999) Real interest rates and macroeconomic activity, Oxford Review of Economic Policy, 15, 95–113. doi:10.1093/oxrep/15.2.95.
   Web of Science ®Google Scholar
• Telatar, E., Telatar, F., Cavusoglu, T. et al. (2010) Political instability, political freedom, and inflation, Applied Economics, 42, 3839–47. doi:10.1080/00036840802360237.
   Web of Science ®Google Scholar
• Tortensson, J. (1994) Property rights and economic growth: an empirical study, Kyklos, 47, 231–47. doi:10.1111/j.1467-6435.1994.tb02257.x.
   Web of Science ®Google Scholar
• Ugur, M. (2009) Regulatory quality and performance in EU network industries: evidence on telecommunications, gas and electricity, Journal of Public Policy, 29, 347–70. doi:10.1017/S0143814X09990109.
   Web of Science ®Google Scholar
• Upadhyaya, K. P., Raymond, J. E. and Mixon Jr., F. (1997) The economic theory of regulation versus alternative theories for the electric utilities industry: a simultaneous probit model, Resource and Energy Economics, 19, 191–202. doi:10.1016/S0928-7655(96)00010-3.
   Google Scholar
• White, H. (1980) A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity, Econometrica, 48, 817–38. doi:10.2307/1912934.
   Web of Science ®Google Scholar
• Wiseman, T. and Young, A. T. (2011) Economic freedom, entrepreneurship, and income levels: some US state-level empirics. Available at http://dx.doi.org/10.2139/ssrn.1817846 (accessed 20 June 2014).
   Google Scholar
• World Bank Institute (2012) Governance indicators. Available at http://www.govindicators.org/ (accessed 20 June 2014).
   Google Scholar
• Yandle, B. (2013) The Economic Situation, Clemson University, Clemson, SC.
   Google Scholar