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Economic Freedom of the States of India 2012 (Paperback)
Loot Price: R1,206
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Economic Freedom of the States of India 2012 (Paperback)
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Economic freedom matters. It improves outcomes by empowering
citizens with the freedom to choose. This report, one of a series
starting in 2005, once again seeks to measure economic freedom in
different Indian states, and to show how this improves economic
outcomes. Economic freedom is a concept first used by the Fraser
Institute to measure the extent to which governments constrain
efficient decision making and distort resource allocation. It has
been used in cross-country literature to show that countries with
higher levels of freedom have better development indicators.
However, attempts to capture economic freedom at the sub-national
level of state governments are rare, although very pertinent in a
federal country like India. Many areas of economic decision making
in India fall under the jurisdiction of state governments, and are
listed in the Seventh Schedule of the Indian Constitution. Our
pioneering work modifies the Fraser Institute's methodology of
measuring economic freedom across countries, creating a new way of
measuring economic freedom across Indian states. This enables us to
see which states are getting freer or less free, and to demonstrate
how economic freedom at the state level impacts economic
development.
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