title: Who Benefits from Economic Freedom? Unraveling  the Effect of Economic Freedom on Subjective Well-Being
creator: Gehring, Kai
subject: ddc-300
subject: 300 Social sciences
description: Who benefits from economic freedom? Results from a panel of 86 countries over the 1990–2005 period suggest that overall  economic freedom has a significant positive effect on subjective well-being. Its dimensions legal security and property rights, sound  money, and regulation are in particular strong predictors of higher well-being. The overall positive effect is not affected by socio-demographics;  the effects of individual dimensions vary, however. Developing countries profit more from higher economic freedom, in particular  from reducing the regulatory burden. Culture moderates the effect: societies that are more tolerant and have a positive attitude  toward the market economy profit the most.
publisher: Elsevier Science
date: 2013
type: Article
type: info:eu-repo/semantics/article
type: NonPeerReviewed
format: application/pdf
identifier: https://archiv.ub.uni-heidelberg.de/volltextserverhttps://archiv.ub.uni-heidelberg.de/volltextserver/16024/7/1-s2.0-S0305750X13001150-main.pdf
identifier: DOI:10.11588/heidok.00016024
identifier: urn:nbn:de:bsz:16-heidok-160243
identifier:   Gehring, Kai  (2013) Who Benefits from Economic Freedom? Unraveling the Effect of Economic Freedom on Subjective Well-Being.  World Development, 50.  pp. 74-90.  ISSN 0305-750X     
relation: https://archiv.ub.uni-heidelberg.de/volltextserver/16024/
rights: info:eu-repo/semantics/openAccess
rights: http://archiv.ub.uni-heidelberg.de/volltextserver/help/license_urhg.html
language: eng