NationMaster - Scatterplot: Economy > Economic freedom vs Economy

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Strength of correlation (R squared): 0.591 (this correlation is weak)

	X Axis	Y Axis

Variable:	Economy > Economic freedom	Economy > Policy competitiveness
Plot Display:	Logarithmic (base 10)	Linear
Definition:	Index of 'economic freedom', according to the American organisation 'The Heritage Foundation'. It is worth noting that such indices are based on highly culturally contingent factors. This data makes a number of assumptions about 'freedom' and the role of the government that are not accepted by much of the world's population. A broad discussion of The Heritage Foundation's definition and methodology can be found at http://www.heritage.org/research/features/index/ChapterPDFs/chapter5.HTML.	Extent to which government policies are conducive to competitiveness (2003)
Source:	The Heritage Foundation	UN human development reports
Correlations:	Crime > Bribery victims Education > Expected duration of education for all students Economy > Public institution index Economy > Business efficiency Economy > Growth competitiveness score	Economy > Business efficiency Economy > Macroeconomic environment index Economy > Economic freedom Lifestyle > Confidence in social institutions > Police Economy > Growth competitiveness score
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