The Role of Private Property Rights in Economic Growth
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Private-Property-Rights-Economic-Freedom-and-Well-Being
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- Life Expectancy at Birth 2000
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2000 GDP Per Capita (PPP)
0.00 5000.00 10000.00 15000.00 20000.00 25000.00 Top Quintile 2cd Quintile 3rd Quintile 4th Quintile Bottom Quintile GDP Per Capita Heritage GDP Per Capita Fraser Sources: World Fact Book 2001, Economic Freedom of the World 2002 Annual Report, 2002 Index of Economic Freedom. 10 that economic freedom is associated with superior performance in income levels, income growth, unemployment rates and human development. WORKING PAPER When life expectancy is used as a standard for comparison, we find that freer countries have longer life expectancies. The average life expectancy at birth for someone in a country that is in the top freedom quintile is 77.6 years using the Fraser index and 76.6 years by the Heritage scores, while those in the bottom quintiles have life expectancies of only 55.1 years and 62.4 years (See Chart 2). Life Expectancy at Birth 2000 45.00 50.00 55.00 60.00 65.00 70.00 75.00 80.00 Top Quintile 2cd Quintile 3rd Quintile 4th Quintile Bottom Quintile Years Heritage Fraser Sources: World Fact Book 2001, Economic Freedom of the World 2002 Annual Report, 2002 Index of Economic Freedom. The United Nations publishes the Human Development Index. This index is supposed to “focus on human well-being, not just economic trends.” 8 This index combines measures for per capita GDP, life expectancy, adult literacy, and combined primary, secondary and tertiary education gross enrollment to give a country a score on a scale from zero (lowest) to 1.0 (highest). Again we find that freer countries score higher. The top quintile for both indexes has an average score of 0.89 while the average score in the bottom quintile for the Fraser index is 0.54 and for Heritage a score of 0.62 (See 11 8 Human Development Report 2001 p.133. WORKING PAPER Chart 3). To the extent that the U.N. would like to use this index to make policy recommendations to countries, the evidence should be clear; grant more freedom in your economy and you will achieve higher levels of “human development.” Download 0.54 Mb. Do'stlaringiz bilan baham: 
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