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HomePolicy Articles Article Summary

Economic Freedom of North America, 2004 Annual Report

Book by Amela Karabegovic, Fred McMahon, Dexter Samida, Glenn Mitchell

This Fraser Institute publication is the second edition of the annual report, Economic Freedom of North America. The results of the 2004 study confirm the 2003 results: economic freedom is a powerful driver of growth and prosperity, and those provinces and states that have low levels of economic freedom continue to leave their citizens poorer as a consequence.

This study uses economic freedom ratings to rank the US states and Canadian provinces, relative to their economic freedom and growth. The provinces and states are rated on a 10-point scale across two indexes: the all-government index (to capture the impact of restrictions on freedom by all levels of government), and the subnational index (to capture the impact of restrictions by state, provincial, or local governments). Ten variables are also used, covering three areas: size of government, takings and discriminatory taxation, and labour market freedom.

This report argues that not only is economic freedom important for the level of prosperity in a jurisdiction, but growth in economic freedom spurs economic growth. This report concludes that the impact of economic freedom at the all-government level is greater than the impact at the subnational level; this is expected since the all-government level captures a broader range of limitations on economic freedom than the subnational.

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Policy Publication Details

Author(s): Amela Karabegovic; Fred McMahon; Dexter Samida; Glenn Mitchell;
Publisher: Fraser Institute [ Visit Website ]
Year Published: 2004; Publisher Type: Research Institute
Publicly Available: Yes Research Focus: International; National;
Registration Required: No Language: English
Payment Required: No Publication Format: Adobe PDF

Subjects / Categories:

Policy Articles / International Trade, Development & Finance / Canada - U.S. Relations
Policy Articles / Monetary & Capital Management / Government & Business Enterprises
Policy Articles / Monetary & Capital Management / Government & Business Enterprises / 2004
Policy Articles / International Trade, Development & Finance / Canada - U.S. Relations / 2004
Policy Articles / International Trade, Development & Finance
Policy Articles / Monetary & Capital Management


Keywords / Tags:

economic freedom; economic growth and prosperity; economic freedom rankings; all-government index; subnational index;