Economic freedom facilitates the market selection mechanism that enables the
Schumpeterian creative destruction process. I develop a framework depicting how economic …

Previous research suggests that both formal institutions (eg, pro-market institutions) and
informal institutions (eg, individualistic cultural values) are critical drivers of innovation. Most …

Purpose While previous studies have looked at the negative consequences of beer drinking
often as a prelude to discussing benefits of laws that curtail consumption, the purpose of this …

Abstract The Great Recession led to a large decline in economic activity throughout the
entire United States with significant variation in its severity across regions. Our paper …

This paper is a revised, updated, and expanded version of the first economic freedom index
for local economies in the US (Stansel, 2013). It provides a more comprehensive measure of …

Such interventions are often justified by assuming that market failures inhibit individuals from
launching innovative start-ups, resulting in a suboptimal quantity of entrepreneurs and …

Patented innovation is a predominately local phenomenon. It is also an indicator of
economic growth. Using data on US metropolitan statistical areas, we examine the long‐run …

While there is a large volume of cross-country studies identifying and measuring adverse
impacts of corruption, empirical analyses of whether and how corruption actually affects …

Brennan and Buchanan's Leviathan hypothesis states that “potential for fiscal exploitation
varies inversely with the number of competing governmental units”(p. 211) and that “total …

This paper applies a variation on differences‐in‐differences to the effects of economic
freedom in matched bordering metropolitan statistical areas using the Metropolitan …