Economic Freedom of the World (EFW) Panel Data

Provides lightly cleaned data from the Economic Freedom of the World (EFW) reports by Gwartney et al. (2021) and published by the Fraser Institute.

data("efwpnl")

Format

A data frame with 4290 observations on the following 12 variables.

iso_code: ISO Alpha-3 Code
country_name: Country Name
year: Data Year
region_code: World Bank Region Code
region_name: World Bank Region Name
income_group: World Bank Income Group
efw_index: EFW Composite Index
size_of_govt: Area 1: Size of Government
legal_system: Area 2: Rule of Law
sound_money: Area 3: Sound Money
trade_freedom: Area 4: Freedom to Trade Internationally
regulation: Area 5: Regulation

Details

Source

References

James Gwartney, Robert Lawson, Joshua Hall, and Ryan Murphy (2021). Economic Freedom Dataset, published in Economic Freedom of the World: 2021 Annual Report. Fraser Institute.

Examples

data(efwpnl)
summary(efwpnl)
#>    iso_code         country_name            year      region_code       
#>  Length:4290        Length:4290        Min.   :1970   Length:4290       
#>  Class :character   Class :character   1st Qu.:2000   Class :character  
#>  Mode  :character   Mode  :character   Median :2006   Mode  :character  
#>                                        Mean   :2003                     
#>                                        3rd Qu.:2013                     
#>                                        Max.   :2019                     
#>                                                                         
#>  region_name        income_group         efw_index      size_of_govt  
#>  Length:4290        Length:4290        Min.   :2.349   Min.   :1.193  
#>  Class :character   Class :character   1st Qu.:5.866   1st Qu.:5.733  
#>  Mode  :character   Mode  :character   Median :6.747   Median :6.644  
#>                                        Mean   :6.605   Mean   :6.579  
#>                                        3rd Qu.:7.491   3rd Qu.:7.463  
#>                                        Max.   :9.109   Max.   :9.559  
#>                                        NA's   :723     NA's   :724    
#>   legal_system    sound_money    trade_freedom       regulation   
#>  Min.   :1.698   Min.   :0.000   Min.   : 0.0068   Min.   :1.143  
#>  1st Qu.:4.009   1st Qu.:6.715   1st Qu.: 5.8846   1st Qu.:6.003  
#>  Median :5.061   Median :8.078   Median : 7.0440   Median :6.877  
#>  Mean   :5.238   Mean   :7.752   Mean   : 6.7925   Mean   :6.724  
#>  3rd Qu.:6.322   3rd Qu.:9.303   3rd Qu.: 8.1037   3rd Qu.:7.593  
#>  Max.   :9.091   Max.   :9.922   Max.   :10.0000   Max.   :9.429  
#>  NA's   :720     NA's   :721     NA's   :796       NA's   :742