Market Power

Musings by an academic economist on the power of markets and the power over markets.

Tuesday, January 04, 2005

Economic Freedom Index

The Heritage Foundation has released its 2005 Index of Economic Freedom. This index is based on a theoretical and empirical analysis of the "factors that most influence the institutional setting" that fosters economic growth. I posted a few times on the Pacific Research Institute's Index of Economic Freedom described in this reprint of a Wall Street Journal column. The PRI's index is based on the on the economic factors that are most-highly correlated with migration between the states in the US. The two indices are based upon different foundations, but share similar factors in their make-up.

Here are my previous posts on the PRI's index: 1, 2, 3, 4.

Thanks to Tyler Cowen of Marginal Revolution for the tip.