Effect of various dimensions of economic freedom on human development based on data of UN, Fraser Institute, World Bank, OECD, and Freedom House, 1990-2018
<|begin_of_text|><|start_header_id|>system<|end_header_id|> You are a research archivist expert in dataset metadata. Answer the question truthfully.  <|eot_id|><|start_header_id|>user<|end_header_id|> Here is the Description of a dataset. Description:'This study explores the relationship between human development and market institutions and tests the performance of three alternative economic perspectives that each assign a different role to governments. Based on a sample of 34 OECD countries plus Russia across a time frame spanning 1990 to 2018, the results demonstrate that economic freedom and small size of government do not significantly affect human development as measured by the Human Development Index. Hence, we find no support for the free-market ideal. Conversely, it is found that human development is positively related to governmental interventions that aim to reduce externalities (public expenditure on education and environmental regulation). These results support the perfect-market perspective. With respect to the welfare-state perspective, the findings are mixed. On the on' . Please return only a json list of at most 3 Keywords corresponding to the Description:.<|eot_id|><|start_header_id|>assistant<|end_header_id|> {"Answer" : ["Economic freedom","Economics","Free-market perspective","Human development","Neoliberalism","Perfect-market perspective","Social Sciences","Tilburg University","Welfare state"]} <|eot_id|>
 Here is the Description of a dataset. Description:'This study explores the relationship between human development and market institutions and tests the performance of three alternative economic perspectives that each assign a different role to governments. Based on a sample of 34 OECD countries plus Russia across a time frame spanning 1990 to 2018, the results demonstrate that economic freedom and small size of government do not significantly affect human development as measured by the Human Development Index. Hence, we find no support for the free-market ideal. Conversely, it is found that human development is positively related to governmental interventions that aim to reduce externalities (public expenditure on education and environmental regulation). These results support the perfect-market perspective. With respect to the welfare-state perspective, the findings are mixed. On the on' . Please return only a json list of at most 3 Keywords corresponding to the Description:.
This study explores the relationship between human development and market institutions and tests the performance of three alternative economic perspectives that each assign a different role to governments. Based on a sample of 34 OECD countries plus Russia across a time frame spanning 1990 to 2018, the results demonstrate that economic freedom and small size of government do not significantly affect human development as measured by the Human Development Index. Hence, we find no support for the free-market ideal. Conversely, it is found that human development is positively related to governmental interventions that aim to reduce externalities (public expenditure on education and environmental regulation). These results support the perfect-market perspective. With respect to the welfare-state perspective, the findings are mixed. On the on
Economic freedom; Economics; Free-market perspective; Human development; Neoliberalism; Perfect-market perspective; Social Sciences; Tilburg University; Welfare state