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Joshua Hall and David Yu
''Ranking the Economic Freedom of North America using dominetrics''
( 2012, Vol. 32 No.3 )
The Economic Freedom of North America is a widely used political economy indicator related to outcomes such as entrepreneurship, equity prices, housing prices, and migration. As a result, relative rankings are often mentioned in policy discussions. The ranking of regions based on economic freedom, however, involves many layers of subjectivity. We employ a ranking methodology called ‘dominetrics' to remove one layer of subjectivity. Doing so creates six rankings reflecting different importance orderings of the underlying spheres of economic freedom. Our results show that preferences regarding which components of economic freedoms are most important influence final rankings.
Keywords: Dominetrics, Rankings, Economic Freedom
JEL: H1 - Structure and Scope of Government: General
C6 - Mathematical Methods and Programming: General
Manuscript Received : Mar 07 2012 Manuscript Accepted : Jul 17 2012

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