التفاصيل البيبلوغرافية
| العنوان: |
Economic Freedom: The Top, the Bottom, and the Reality. I. 1997-2007. |
| المؤلفون: |
Ausloos M; School of Business, University of Leicester, Brookfield, Leicester LE2 1RQ, UK.; Department of Statistics and Econometrics, Bucharest University of Economic Studies, 6 Piata Romana, 1st District, 010374 Bucharest, Romania.; Group of Researchers for Applications of Physics in Economy and Sociology (GRAPES), Sart Tilman, B-4031 Liege, Belgium., Bronlet P; Group of Researchers for Applications of Physics in Economy and Sociology (GRAPES), Sart Tilman, B-4031 Liege, Belgium.; Advanced Mechanical and Optical Systems (AMOS), Rue des Chasseurs Ardennais 2, B-4031 Liege, Belgium. |
| المصدر: |
Entropy (Basel, Switzerland) [Entropy (Basel)] 2021 Dec 25; Vol. 24 (1). Date of Electronic Publication: 2021 Dec 25. |
| نوع المنشور: |
Journal Article |
| اللغة: |
English |
| بيانات الدورية: |
Publisher: MDPI Country of Publication: Switzerland NLM ID: 101243874 Publication Model: Electronic Cited Medium: Internet ISSN: 1099-4300 (Electronic) Linking ISSN: 10994300 NLM ISO Abbreviation: Entropy (Basel) Subsets: PubMed not MEDLINE |
| أسماء مطبوعة: |
Original Publication: Basel, Switzerland : MDPI, 1999- |
| مستخلص: |
We recall the historically admitted prerequisites of Economic Freedom (EF). We have examined 908 data points for the Economic Freedom of the World (EFW) index and 1884 points for the Index of Economic Freedom (IEF); the studied periods are 2000-2006 and 1997-2007, respectively, thereby following the Berlin wall collapse, and including 11 September 2001. After discussing EFW index and IEF, in order to compare the indices, one needs to study their overlap in time and space. That leaves 138 countries to be examined over a period extending from 2000 to 2006, thus 2 sets of 862 data points. The data analysis pertains to the rank-size law technique. It is examined whether the distributions obey an exponential or a power law. A correlation with the country's Gross Domestic Product (GDP), an admittedly major determinant of EF, follows, distinguishing regional aspects, i.e., defining 6 continents. Semi-log plots show that the EFW-rank relationship is exponential for countries of high rank (≥20); overall the log-log plots point to a behaviour close to a power law. In contrast, for the IEF, the overall ranking has an exponential behaviour; but the log-log plots point to the existence of a transitional point between two different power laws, i.e., near rank 10. Moreover, log-log plots of the EFW index relationship to country GDP are characterised by a power law, with a rather stable exponent (γ≃0.674) as a function of time. In contrast, log-log plots of the IEF relationship with the country's gross domestic product point to a downward evolutive power law as a function of time. Markedly the two studied indices provide different aspects of EF. |
| فهرسة مساهمة: |
Keywords: Economic Freedom of the World index; Index of Economic Freedom; exponential behaviour; power law behaviour; rank-size law technique |
| تواريخ الأحداث: |
Date Created: 20220121 Latest Revision: 20220128 |
| رمز التحديث: |
20240829 |
| مُعرف محوري في PubMed: |
PMC8774465 |
| DOI: |
10.3390/e24010038 |
| PMID: |
35052064 |
| قاعدة البيانات: |
MEDLINE |
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