Sovereign state and economic freedom in terms of financial crisis (2007-2009): case of developed countries Cover Image

Państwo a wolność gospodarcza w czasie kryzysu gospodarczego lat 2007-2009. Przykład krajów wysoko rozwiniętych
Sovereign state and economic freedom in terms of financial crisis (2007-2009): case of developed countries

Author(s): Katarzyna Szarzec
Subject(s): Economic policy, Applied Sociology, Social development, Economic development, Transformation Period (1990 - 2010), Socio-Economic Research
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: state; economic crisis; economic freedom; developed countries;

Summary/Abstract: The aim of a paper is to analyze, whether economic crisis 2007–2009 had an impact on economic freedom in developed G7 countries. A scope of analysis is 1996–2012. Determinants are three subindex of Index of Economic Freedom published by Heritage Foundation (Fiscal Freedom, Government Spending, Monetary Freedom). A method is Chow test for structural instability. The main result is that only in USA and UK there were structural breaks in case of subindex Governance Spending during economic crisis (2007–2009).

  • Issue Year: 28/2013
  • Issue No: 03 (2)
  • Page Range: 261-275
  • Page Count: 15
  • Language: Polish