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Full-Text Articles in Social and Behavioral Sciences
Measuring Freedom: An Analysis Of The Economic Freedom Index, Derek Mcafee
Measuring Freedom: An Analysis Of The Economic Freedom Index, Derek Mcafee
All Theses
The creation and empirical use of economic freedom indices has produced a growing amount of literature over the last decade. A survey of this literature is provided, and the difficulty of measuring this concept, as well as the usefulness and limits of the various indices are discussed. The indices are reduced to their components, and testable models are used in order to determine which components are most important. Secure property rights are found to be the most important component driving the results. The results are consistent with previous studies, which indicate that greater economic freedom is related to greater growth …
The Consequences Of Kelo: A Financial Approach, Curry Hilton
The Consequences Of Kelo: A Financial Approach, Curry Hilton
All Theses
ABSTRACT
Municipal bonds corresponding to states that passed effective post-Kelo restrictions on eminent domain takings experienced an increase in yields. The high costs associated with property acquisitions in states with strong legislation deter economic development takings and contribute to the decreasing of municipal bond prices. The financial effect attributed to municipal bonds issued for the purpose of economic improvement completely exceeds the impact offered by industrial improvement and public improvement bonds. The Kelo decision itself reinforced the appropriateness of government takings for private gain. The outcome directly affected municipal bond yields, causing an increase in price because of the low …