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Public Choice

, Volume 113, Issue 1–2, pp 77–96 | Cite as

Economic Freedom, Government Policy and the Trade-Off Between Equity and Economic Growth

  • Gerald W. Scully
Article

Abstract

This study investigates the role that economicfreedom plays in economic growth and in the distribution in marketincome, the role of government policy in advancingeconomic progress and in promoting income equality, and the effectthat the rate of economic progress has on thedistribution of market income. Structural and reduced formmodels are estimated that reveal that economic freedompromotes both economic growth and equity, and that there is apositive but relatively small trade-off between growth andincome inequality.

Keywords

Economic Growth Public Finance Government Policy Economic Freedom Income Equality 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 2002

Authors and Affiliations

  • Gerald W. Scully
    • 1
  1. 1.School of ManagementUniversity of Texas at DallasRichardsonU.S.A.

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