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Economic freedom in nations

VariableMeasurementEraCodeNSource
Government size
(negative freedom)
Government consumption2000GovConsumption1_200088Gwartney & Lawson 2006
2005GovConsumption1_2005125
2006GovConsumption1_2006138
Transfers and subsidies2000GovTranfers1_200079
2005GovTransfers1_200599
2006GovTransfers1-2006115
Government enterprises and investments2000GovEnterprises1_200088
2005GovEnterprises1_2005106
2006GovEnterprises1_2006115
Top marginal tax rate2000GovTaxRate1_200079
2005GovTaxRate1_200599
2006GovTaxRate1_2006117
Index of 1) goverment consumption, 2) transfers and subsidies, 3) government enterprises and investments, 4) top marginal tax rate2005GovernmentSize1_2005121
2006GovernmentSize1_2006138
Legal structures and security of property rights
(positive freedom)
Index of 1) judicial independence, 2) impartial courts, 3) protection of intellectual property, 4) no military interference, 5) integrity of legal system2000LegalSecurity1_200088
2001LegalSecurity1_200188
2002LegalSecurity1_200288
2006LegalSecurity1_2006117
Access to sound money
(positive freedom)
Index of 1) growth of money supply, 2) inflation and variability, 3) recent annual inflation, 4) freedom to own foreign currency.2000SafeMoney11_200088
2001SafeMoney1_200188
2002SafeMoney_200288
2006SafeMoney_2006138
Freedom to trade internationally
(positive)
Index of 1) taxes on international trade, 2) regulatory trade barriers, 3) size of trade sector, 4) official vs black market exchange rate, 5) restrictions on capital markets2000FreeTrade1_200088
2001FreeTrade1_200188
2002FreeTrade1_200288
2006FreeTrade1_2006138
Regulation of credit, labour and business
(negative)
Regulation of credit market2000MarketRegulationCredit1_200087
2006MarkerRegulationCredit1_2006140
Regulation of labour market2000MarketRegulationLabor1_200070
2006MarketRegulationLabor1_2006137
Regulation of business2000MarketRegulationBusiness1_200070
2006MarketRegulationBusiness1_2006137
Index of 1) regulation of credit market, 2) regulation of labour market, 3) regulation of business2000MarketRegulationIndex1_200089
2001MarketRegulationIndex1_200188
2002MarketRegulationIndex1_200288
2006MarketRegulationIndex1_2006137
Regulation of labor market
(items in index of MarketRegulationLabor1)
Minimum wage 2006LaborMinimumWage1_2006135
Hiring and firing regulations 2006LaborHireFire1_2006114
Centralized collective bargaining 2006LaborContralBargain1_2006119
Mandated cost of hiring 2006LaborCostHiring1-2006135
Mandated cost of worker dismissal 2006LaborCostDismissal1_2006135
Freedom to own property Criteria are: Is the right to property recognized by law? Is the right to intellectual property protected? Does the legal system give effect to the right to property? Are there restrictions on selling, exchanging or devising property? Can individuals structure their property holdings among themselves as they choose?
Scale 0-3
1995-96FreeProperty3_199569Messick 1996 table 4
Freedom to earn a living Scale 0-31995-96FreeEarnings3_199568
Freedom to operate a businessScale 0-31995-96FreeBusiness3_199567
Freedom to invest one’s earningsScale 0-31995-96FreeInvestment3_199564
Freedom to trade internationallyScale 0-21995-96FreeTrade3_199568
Freedom to participate in a market economyScale 0-21995-96FreeMarket3_199568
Free trade Index of a) weighed average tax rate, b) non-tariff barriers, c) corruption in customs service
Rated: 1 (free) to 5 (unfree)
1995RestrictTrade2_199578Heritage foundation
2000RestrictTrade2_2000103
2005RestrictTrade2_2005102
Index of a) trade weighed average tariff, b) non-tarif barriers
Rated 0 (unfree) to 100 (free)
2006FreeTrade2_2006155
Fiscal freedom Index of a) top marginal income tax rate, b) top marginal corporate tax rate, c) year-to-year change in government expenditures as % GDP
Rated: 1 (free) to 5 (unfree)
1995 FiscalBurden2_1995 78
2000FiscalBurden2_2000 103
2005FiscalBurden2_2005102
Idem, rated 0 (unfree) to 100 (free) 2006FiscalFreedom2_2006155
Goverment intervention (size) Index of a) governmant consumption in % of economy, b) government ownership of business, c) share of government revenues from state-owned enterprises and property, d) economic output produced by goverment
Rated: 1 (free) to 5 (unfree)
2000GoverbmentSize2_2000103
2005GovernmentSize2_2005102
Government expenditures, including government consumption and transfers in % GDP 2006GovIntervention2_2006155
Monetary policy Weighted average inflation rate over the last 10 years
Rated: 1 (free) to 5 (unfree)
1995InflationRate2_199578
2000InflationRate2_2000103
2005InflationRate2_2005102
Index of a) weighted average inflation rate over the last 3 years, b) price controls 2006MonetaryFreedom2_2006156
Free investmentIndex of a) foreign investment code, b) restrictions to foreign ownership of business, c) restrictions on industries and companies open to foreign investors, d) restrictions and performance requirements on foreign companies, e) foreign ownership of land, f) equal treatment under the law for both foreign and domestic companies, g) restrictions on repatriation of earnings, h) restrictions on capital transactions, i) availability of local financing for foreign companies
Rated: 1 (free) to 5 (unfree)
1995RestrictForeignInvest2_1995
78
2000RestrictForeignInvest2_2000103
2005RestrictForeignInvest2_2005102
Idem: rated 0 (unfree) to 100 (free) 2006InvestmentFreedom2_2006154
Monetary freedom Index of a) government ownership of financial institutions, b) restrictions on foreign banks, c) government influence over the allocation of credit, d) government regulations that inhibit financial activity, e) freedom to offer all types of financial services, securities and insurance policies
Rated: 1 (free) to 5 (unfree)
1995 RestrictBanks2_1995 78
2000RestrictBanks2_2000 103
2005RestrictBanks2_2005102
Idem, rated 0 (unfree) to 100 (free) 2006FinancialFreedom2_2006156
Labor freedom Index of a) minimum wage laws, b) freedom to set prices, c) government price controls, d) extent to which government price controls are used, e) government subsidies to businesses that affect prices
Rated: 1 (free) to 5 (unfree)
1995ControlWagesPrices2_199578
2000ControlWagesPrices2_2000103
2005ControlWagesPrices2_2005
102
Idem: rated 0 (unfree) to 100 (free) 2006LabourFreedom2-2006156
Property rightsIndex of: a) freedom of government influence over the juridical system, b) commercial code defining contracts, c) sanctioning of foreign arbitration of contract disputes, d) government expropriation of property, e) corruption within the judiciary, f) delays in receiving juridical decisions and/or enforcement, g) legally protected and granted property
Rated: 1 (free) to 5 (unfree)
1995RestrictProperty2_1995
78
2000RestrictProperty2103
2005RestrictProperty2_2005102
Idem, rated 0 (free) to 100 (unfree) 2006PropertyRights2_2006155
Free business Index of a) licensing requirements to operate a business, b) ease of obtaining a business license, c) corruption within the bureaucracy, d) labor regulations such as established work weeks, paid vacations and parental leave, as well as selected labor regulations, e) environmental, consumer safety, and worker health regulations, f) regulations that impose a burden on business
Rated: 1 (free) to 5 (unfree)
1995RegulationBusiness2_1995
77
2000RegulationBusiness2_2000103
2005RegulationBusiness2_2005102
Idem: Rated 0 (unfree) to 100 (free) 2006BusinessFreedom2_2006156
Informal marketIndex of a) smugling, b) piracy of intellectual property in the informal market, c) agricultural production supplied by the informal market, d) manufacturing supplied by the informal market, e) services supplied on the informal market, f) transportation supplied on the informal market, g) labor supplied on the informal market
Rated: 1 (free) to 5 (unfree)
1995InformalMarket2_1995
78
2000InformalMarket2_2000103
2005InformalMarket2_2005102
Fraser index
(1)
Index of 1) size of government (-), 2) property rights (+), 3) access to sound money (+), 4) freedom to trade internationally (+), 5) regulation of credit labour and business (-)1990FreeEconIndex1_199080Gwartney & Lawson 2006
1995FreeEconIndex1_199589
2000FreeEconIndex1_200089
2001FreeEconIndex1_200188
2002FreeEconIndex1_200288
2005FreeEconIndex1_2005137
2006FreeEconIndex1_2006138
Freedom House Index
(3)
Index of freedom to 1) own property, 2) earn a living, 3) operate a business, 4) invest earnings, 5) trade internationally, 6) operate a market1995-96FreeEconIndex3_199569Messick 1996 table 4
Heritage Index
(2)
Index of 1) limitations to trade, 2) fiscal burden, 3) government intervention, 4) monitary policy, 5) limitations to foreign investment, 6) limitations to banking, 7) Control of wages and prices, 8) limitations to property rights, 9) regulation, 10) informal market1995FreeEconIndex2_199578www.heritage.org
1999FreeEconIndex2_9199105
2000FreeEconIndex2_2000103
2002FreeEconIndex2_2002103
2005FreeEconIndex2_2005102
2007FreeEconIndex2_2007155
2010FreeEconIndex2_2010173
Index of 1) free trade, 2) fiscal freedom, 3) freedom of government intervention, 4) monetary freedom, 5) free investment, 6) free banking, 7) free wages, 8) property rights, 9) free business, 10) control of corruption 2006FreeEconIndex2B-2006155

Related topics: Economic competitiveness, Income
Related themes: Economy, Freedom, Inequality

The dataset States of Nations is about characteristics of countries in periods (macro variables). It is part of the World Database of Happiness. Though developed for the identification of societal conditions for happiness, this source can also be used for other purposes.