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| Joshua C Hall, Robert Lawson and Chuck Skipton |
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| ''Estimating the size of the trade sector in the Economic Freedom of the World index'' |
| ( 2011, Vol. 31 No.1 ) |
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| The Economic Freedom of the World (EFW) index measures the extent to which nations allow their citizens economic freedom. The freedom of people to trade internationally is a featured area within the index. One component of this area is the size of the trade sector, or rather the deviation of a country's trade sector from its expected size. This note explains the basic methodology used to estimate the model and create the ratings for the deviation of a country's trade sector from its expected size component of the EFW index. |
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| Keywords: trade sector, economic freedom, distance-adjusted demand |
JEL: F1 - Trade: General
P1 - Capitalist Systems: General |
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| Manuscript Received : Jun 07 2010 | | Manuscript Accepted : Jan 30 2011 |
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