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Government ideology and economic freedom
Journal of Comparative Economics ( IF 2.429 ) Pub Date : 2020-07-01 , DOI: 10.1016/j.jce.2020.07.007
Vítor Castro , Rodrigo Martins

Abstract This paper tests the widespread belief that right-wing governments tend to promote economic freedom while left-wing ones prefer more control over the economy. Using annual data for 106 countries over the period 1975-2015 and a two-step system GMM estimator, this study shows that right-wing governments are indeed more prone to promote economic freedom and to deregulate the economy. It also finds that this effect seems to be stronger in developing/emerging economies than in more developed countries. Moreover, the analysis of the broad dimensions of economic freedom indicates that right-wing governments tend to act by improving monetary soundness and freedom to trade internationally and by easing regulations that restrict entry into markets. Mainstream left-wing governments do not seem to affect economic freedom, however populist left-wing parties, when in office, are found to have a detrimental effect.

中文翻译:

政府意识形态与经济自由

摘要 本文检验了右翼政府倾向于促进经济自由而左翼政府更喜欢对经济进行更多控制的普遍信念。本研究使用 1975-2015 年间 106 个国家的年度数据和两步系统 GMM 估计器,表明右翼政府确实更倾向于促进经济自由和放松对经济的管制。它还发现,这种影响在发展中/新兴经济体中似乎比在较发达国家中更强。此外,对经济自由广泛维度的分析表明,右翼政府倾向于通过改善货币稳健性和国际贸易自由以及放松限制进入市场的法规来采取行动。主流左翼政府似乎并不影响经济自由,
更新日期:2020-07-01
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