Show simple item record

dc.contributor.authorKarateev, Artem
dc.description.abstractExploring the stability of states and political systems is of interest to scientists and politicians all around the world. One of the most important questions in this field is the question of the relationship between stability and freedom.This paper considers the relationship between economic freedom and stability with regards to the example of countries of Central and Eastern Europe. The study uses quantitative analysis and the operationalisation of economic freedom through the Index of Economic Freedom (IEF); furthermore, stability is studied through the Fragile States Index (FSI), and the Political Stability and Absence of Violence/Terrorism Index (PSI).The analysis reveals a strong correlation between economic freedom and stability. According to linear regression models obtained by the author, economic freedom has a strong impact on stability. Models show that most of the components of IEF increase stability, whilst some components decrease it. This means that the same factors affect economic freedom and stability in different ways. In particular, taxes have a very positive effect on stability. At the same it is obvious that taxes reduce economic freedom. This fact allows us to resolve the existing contradictions among politicians and scientists, who differently assess the impact of economic freedom on stability. It may be stated that whilst economic freedom has in general a strong positive effect on stability, it can also have a negative effect.en
dc.publisherWydawnictwo Uniwersytetu Łódzkiegopl
dc.relation.ispartofseriesEastern Reviewpl
dc.subjectpolitical stabilityen
dc.subjecteconomic freedomen
dc.subjectdata analysisen
dc.titleStability and economic freedom in the countries of Central and Eastern Europe: Quantitative analysisen
dc.contributor.authorAffiliationLomonosov Moscow State University, Moscow, Russia, Faculty of Political Scienceen
dc.referencesAcemoglu, D., Robinson, J. (2012). Why Nations Fail. The Origins of Power, Prosperity, and Poverty. New York: Crown Business.en
dc.referencesBueno de Mesquita B., Smith A., Siverson R., Morrow J. 2003. The Logic of Political Survival. Cambridge, Mass.: The MIT Press.en
dc.referencesFeng, Y. 1997. Democracy, Political Stability and Economic Growth. British Journal of Political Science 27(3), pp. 391–418.en
dc.referencesFragile States Index. Annual Reports. The Fund for Peace, (accessed 25.10.2019).en
dc.referencesFriedman, M. 1962. Capitalism and Freedom. Chicago: University of Chicago Press.en
dc.referencesGeorgiou, M.N., Kyriazis, N., Economou, E.M.L. 2015. Democracy, Political Stability and Economic Performance. A Panel Data Analysis. Journal of Risk & Control 2(1), pp. 1–18.en
dc.referencesHayek, F. 1944. The Road to Serfdom. Chicago: University of Chicago Press.en
dc.referencesHayek, F. 1973. Law Legislation and Liberty. Rules and Order. Vol. 1. Chicago: University of Chicago Press.en
dc.referencesHenriksen, T.H. 2007. American Power after the Berlin Wall. New York: Palgrave MacMillan.en
dc.referencesIndex of Economic Freedom. Annual Reports. The Heritage Foundation, (accessed 25.10.2019).en
dc.referencesKuznetsov, I.I., Artamonova, Y.D., Bubnov, A.Y., Karateev, A.Y., Mityaeva O.I., Chernyahovsky, S.F. 2016. Ustoichivost’ politicheskih sistem: teoreticheskie modeli i praktichekii opyt. Vestnik Moscovskogo Universiteta. Serija 12. Politicheskie nauki 3, pp. 107–125.en
dc.referencesMises, L. von. 1952. Planning for Freedom, and Other Essays and Addresses. South Holland: Libertarian Press.en
dc.referencesNelson, M.A., Ram, D., Singh, N. 1998. Democracy, Economic Freedom, Fiscal Policy, and Growth in LDCs: A Fresh Look. Economic Development and Cultural Change 46(4), pp. 677–696.en
dc.referencesPolitical Stability and Absence of Violence / Terrorism Index. Annual Reports. The World Bank, (accessed 25.10.2019).en
dc.referencesShepherd, B. 2010. Political Stability: Crucial for Growth? LSE Ideas Strategic Brief. London School of Economics and Political Science.en
dc.referencesShiriniants, A.A. 2015. «Konservator»: slovo i smysly v russkoi sotsial’no-politicheskoi mysli. Vestnik Moscovskogo Universiteta. Serija 12. Politicheskie nauki 6, pp. 112–124.en

Files in this item


This item appears in the following Collection(s)

Show simple item record
Except where otherwise noted, this item's license is described as