Economic freedom and social capital: pooled mean group evidence. Issue 6 (30th March 2017)

• Record Type: Journal Article
• Authors: Jackson, Jeremy J.
• Is Part Of: Applied economics letters. Volume 24:Issue 6(2017)
• Page Start: 370
• Page End: 373
• Publication Date: 2017-03-30
• Subjects: Social capital -- economic freedom -- pooled-mean group estimators; H11 -- O17 -- P16; Economics -- Periodicals; Economics, Mathematical -- Periodicals; 330
• DOI: 10.1080/13504851.2016.1194958
• Languages: English
• ISSNs: 1350-4851

Abstract

ABSTRACT: This article uses annual US-state-level data from 1986 to 2004 and pooled-mean group estimation based on Pesaran et al. (1999) to examine whether economic freedom influences social capital. We find economic freedom has a negative effect on our social capital measure. This result is driven by the labour market component of freedom which is indicative of the relationship between labour market freedom and Olson-type group social capital.