Economic freedom and indicators
| Indicators | Variables | Measurements of freer institutions (higher scores) |
|---|---|---|
| Size of government | EF1 | Lower level of government spending, lower marginal tax rates and less government investment and state ownership of assets |
| Legal system and property rights | EF2 | Higher level of independence and impartiality of legal system and property protection |
| Sound money | EF3 | A country follows policies and adopts institutions that lead to low and stable rates of inflation and avoid regulations that limit the ability to use alternative currencies |
| Freedom to trade internationally | EF4 | Lower tariffs, easy clearance and efficient administration of customs, a freely convertible currency and few controls on the movement of physical and human capital |
| Regulations | EF5 | Less regulatory restraints that limit the freedom of exchange in credit, labor and product markets |
| Indicators | Variables | Measurements of freer institutions (higher scores) |
|---|---|---|
| Size of government | Lower level of government spending, lower marginal tax rates and less government investment and state ownership of assets | |
| Legal system and property rights | Higher level of independence and impartiality of legal system and property protection | |
| Sound money | A country follows policies and adopts institutions that lead to low and stable rates of inflation and avoid regulations that limit the ability to use alternative currencies | |
| Freedom to trade internationally | Lower tariffs, easy clearance and efficient administration of customs, a freely convertible currency and few controls on the movement of physical and human capital | |
| Regulations | Less regulatory restraints that limit the freedom of exchange in credit, labor and product markets |
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