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

Integrating Immigrants into the Nordic Labour Markets

An Overall Perspective

Pages-from-2019-Calmfors-Gassen---Integrating-Immigrants-into-the-Nordic-Labour-Markets.gif

Denmark, Finland, Norway and Sweden face similar problems of integrating large groups of immigrants, especially low-educated ones from outside the EU, into their labour markets. In this volume, edited by Lars Calmfors, IFN, and Nora Sánchez Gassen in cooperation with researchers from across the Nordic Region analyse how labour market integration of immigrants can be promoted.

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