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Empirical Economic Bulletin, An Undergraduate Journal
Human development index (HDI); economic freedom of the World Index (EFWI); standard of living
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Does Economic Freedom Promote Standard Of Living Across Countries With Different Income Levels?, George Ossei
Does Economic Freedom Promote Standard Of Living Across Countries With Different Income Levels?, George Ossei
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the possibility of a relationship between economic freedom and standard of living across countries with different income classifications. The study incorporates population with access to improved water supply sources, sanitation facilities, electricity and the internet, as well as foreign aid into the Kosack model of aid effectiveness. This is done in order to examine their effects on HDI.