2016

Economic Freedom and Economic Crises

Reprint No. 2016:59

Author(s): Christian BjørnskovYear: 2016 Title: European Journal of Political Economy Volume (No.): 45 (December) Pages: 11–23
Preliminary version

Economic Freedom and Economic Crises Christian Bjørnskov

In this paper, I explore the politically contested association between the degree of capitalism, captured by measures of economic freedom, and the risk and characteristics of economic crises. After offering some brief theoretical considerations, I estimate the effects of economic freedom on crisis risk in the post-Cold War period 1993–2010. I further estimate the effects on the duration, peak-to-trough GDP ratios and recovery times of 212 crises across 175 countries within this period. Estimates suggest that economic freedom is robustly associated with smaller peak-to-trough ratios and shorter recovery time. These effects are driven by regulatory components of the economic freedom index.

Reference:
Bjørnskov, Christian (2016), "Economic Freedom and Economic Crises". European Journal of Political Economy 45(December), 11–23.

Christian Bjørnskov

Contact

Ph: +45 87 16 48 19
Mob: +45 20 12 03 84
chbj@econ.au.dk

Global index of the sharing economy

Timbro SEI

2018 Bergh Funcke Wernberg - Timbro Sharing Economy Index-1fHemsidan.jpg

Andreas Bergh, IFN and Lund University, is one of the authors of this book. The Timbro Sharing Economy Index is the first global index of the sharing economy. The index has been compiled using traffic volume data and scraped data, and provides a unique insight into the driving factors behind the peer-to-peer economy.

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