liberalism Tag

Human Freedom and Economic Prosperity: Evidence from Eastern Europe

Posted by Visio institut in Članki, Pravni red

By Elena Makrevska Disoska* and Katerina Shapkova Kocevska** The main mechanism that relates human freedom to economic growth is channeled through institutional and economic factors, such as government effectiveness, investments, and trade. Therefore, institutions are an important determinant of economic prosperity in countries worldwide. Institutions…