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Ranking of Developing Countries Based on the Economic Freedom Index

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In this paper we’ve ranked developing countries based on the Economic Freedom index. Therefore we are trying to do the analysis how this ranking is done using numerical taxonomic methodology. To do this, by estimating the effects of the determinants of FDI in 123 developing countries from 1997 to 2010, results showed that with regard to the degree of economic freedom or Economic openness, attract foreign direct investment in each country is different. In this study china, Equator, Liberia, Azerbaijan, Angola, Turkmenistan, Cape Verde, Kazakhstan, Panama, Vietnam, Bulgaria, Congo, Maldives, Bahrain, Cambodia, Jordan, Malaysia, Mongolia, Sudan, Trinidad, Belarus, Lesotho, Russian are the top 23 countries have been successful in attracting foreign direct investment thanks to appropriate economic and structures policies.


International Letters of Social and Humanistic Sciences (Volume 2)
M. Mehrara and M. Zirak, "Ranking of Developing Countries Based on the Economic Freedom Index", International Letters of Social and Humanistic Sciences, Vol. 2, pp. 32-38, 2013
Online since:
September 2013

[1] World Survey of Economic Freedom 1995-1996: A Freedom House Study. Transaction Publishers. 1996. ISBN 978-1-56000-929-0. pp.5-7.

[2] http: /www. heritage. org/Index/FAQ. aspx. Retrieved 2009-01-25.

[3] http: /en. wikipedia. org/w/index. php?title=Indices_of_economic_freedom&oldid= 492112903.

[4] http: /www. investopedia. com/terms/i/index-of-economic-freedom.

[5] http: /www. cato. org. ( Received 28 April 2013; accepted 30 April 2013 ).

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