Freedom and growth: Do constitutions matter? |
| |
Authors: | Xavier de Vanssay Z A Spindler |
| |
Affiliation: | 1. Department of Economics, Glendon College, York University, 2275 Bayview Avenue, M4N 3M6, Toronto, Canada 2. Department of Economics, Simon Fraser University, V5A 1S6, Burnaby, Canada
|
| |
Abstract: | This paper uses an augmented Solow model, with cross section data, to measure the effect on per-capita income of a) the entrenchment of various rights in a country's constitution and b) the level of economic freedom in a country, broadly construed. The results suggest that entrenchment,per se, of any single right seldom has a significant general economic effect, while the effect of economic freedom is significant and substantial. The paper then considers whether such evidence could support the proposition that “constitutions do not matter.” While it concludes otherwise, it does caution against incurring excessive negotiation costs to obtain entrenchment of a comprehensive “wish list” of rights. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|