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- W103422517 abstract "We use the model developed by Murphy, Shleifer and Vishny (1991) to examine the causal relationship between institutions as measured by economic freedom and industry employment, and then given the causality, examine how the amount of employment in these causal industries influences economic growth. Only a small percentage of employment in each state has a causal relationship with economic freedom, but when the causal relationship is negative, greater employment in these industries generally leads to reductions in state per capita GDP. When the causal relationship between employment and economic freedom is positive, state per capita GDP tends to grow, even after accounting for overall economic freedom in the state. Policy implications are that removing the opportunities for firms to use government for special treatment will lead to greater economic growth." @default.
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- W103422517 date "2014-01-01" @default.
- W103422517 modified "2023-09-24" @default.
- W103422517 title "Testing Murphy, Shleifer and Vishny" @default.
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- W103422517 doi "https://doi.org/10.2139/ssrn.2408783" @default.
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