Economy > Economic freedom (vs) Economy > Public institution index

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Economy > Public institution index
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1 Economy > Economic freedom 4

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Strength of correlation (R squared): 0.671 (this correlation is potentially significant)

X Axis Y Axis
Variable: Economy > Economic freedom Economy > Public institution index
Plot Display: Logarithmic (base 10) Logarithmic (base 10)
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. Public institution index indicates the state of the country's public institutions.
Source: The Heritage Foundation World economic forum - Global Competitiveness Report 2004-2005
Correlations:
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