Study
| EST. READ TIME 1 MIN.Residents of Delaware and Texas enjoy highest levels of economic freedom, West Virginians face the lowest
This is the fifth edition of the annual report, Economic Freedom of North America , and this year marks the first time we are producing a US edition of the report. The statistical results of this year's study persuasively confirm those published in the previous four editions: economic freedom is a powerful driver of growth and prosperity. Those provinces and states that have low levels of economic freedom continue to leave their citizens poorer than they need or should be.
The index published in Economic Freedom of North America rates economic freedom on a 10-point scale at two levels, the subnational and the all-government. At the all-government level, the index captures the impact of restrictions on economic freedom by all levels of government (federal, state/provincial, and municipal/local). At the subnational level, it captures the impact of restrictions by state or provincial and local governments. Economic Freedom of North America employs 10 components in three areas: 1. Size of Government; 2. Takings and Discriminatory Taxation; and 3. Labor Market Freedom.
Not only is economic freedom important for the level of prosperity: growth in economic freedom spurs economic growth. As expected, the impact of economic freedom at the all-government level is greater than the impact at the subnational level since the first index captures a broader range of limitations on economic freedom than the second.
-
Alan Dowd
Senior Fellow, Fraser Institute
Alan W. Dowd is a Senior Fellow of the Fraser Institute, Senior Editor of Fraser Insight and Managing Director ofthe Institute's EFNA Network. In addition, Dowd conducts research into defence and security issues. He co-authored the Fraser Institute report Cybersecurity Challenges for Canada and the United States; has contributed to the Institute’s Economic Freedom of North America Annual Report (EFNA); helped launch the Institute’s EFNA Network in 2014; and continues to manage and coordinate the EFNA Network, which today enfolds more than 60 member-organizations in 47 U.S. states, Canada and Mexico. An award-winning writer, Dowd is a frequent contributor to American Legion Magazine, Military Officer, The American, Landing Zone, and American Outlook. In addition, his writing has appeared in Fraser Forum, Claremont Review of Books, Policy Review, Parameters, Journal of Diplomacy & International Relations, Diplomat & International Canada, World Politics Review, World & I, National Post, Baltimore Sun, Washington Times, Washington Examiner, Sacramento Bee, Indianapolis Star, Detroit News, Vancouver Sun, Wall Street Journal Europe, Jerusalem Post, Financial Times Deutschland, and the online editions of the American Interest, National Review, and Weekly Standard. Dowd has served as an adjunct professor at Butler University and Anderson University; was a founding member of the Sagamore Institute leadership team, where he continues to hold a senior fellow post; and was director of Hudson Institute’s corporate headquarters. He earned a B.A. with departmental high honors from Butler University and an M.A. from Indiana University.… Read more -
Amela Karabegovic
Amela Karabegovi is a former Senior Economist of the Fraser Institute. She holds a B.M. (Great Distinction) in General Managementfrom the University of Lethbridge in Alberta and an M.A. in Economics from Simon Fraser University in British Columbia. She was a coauthor of the Economic Freedom of North America , Economic Freedom of the Arab World , Myths and Realities of TILMA , Transparency of Labour Relations Boards in Canada and the United States , Measuring Labour Markets in Canada and the United States , Measuring the Flexibility of Labour Relations Laws in Canada and the United States , Tax and Expenditure Limitations: The Next Step in Fiscal Discipline , and the Prosperity Series-Ontario .… Read more -
Fred McMahon
Resident Fellow, Dr. Michael A. Walker Chair in Economic FreedomFred McMahon is a Fraser Institute Resident Fellow and holder of the Dr. Michael A. Walker Chair in Economic Freedom.He has an M.A. in Economics from McGill University. Mr. McMahon manages the Economic Freedom of the World Project and coordinates the Economic Freedom Network, an international alliance of over 100 think tank partners in about 100 nations and territories. His research focuses on global issues such as development, trade, governance and economic structure. Mr. McMahon is the author of numerous research articles and several books including, Looking the Gift Horse in the Mouth: The Impact of Federal Transfers on Atlantic Canada, which won the Sir Antony Fisher International Memorial Award for advancing public policy debate, Road to Growth: How Lagging Economies Become Prosperous, and Retreat from Growth: Atlantic Canada and the Negative Sum Economy.He has written for numerous publications including the European Journal of Political Economy, the SAIS Journal (School of Advanced International Studies, Johns Hopkins University), the Wall Street Journal, Policy Options, National Post, Time (Canada), Globe and Mail, Ottawa Citizen, and most other major Canadian newspapers. Research articles he has recently authored or co-authored include: Economic Freedom of North America, Quebec Prosperity: Taking the Next Step, The Unseen Wall: The Fraser Institute's Annual Trade Survey, and Economic Freedom of the Arab World.… Read more