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A number of disciplines in social sciences have proven that establishments that promote cooperation facilitate mutually useful exchanges and generate prosperity. Drawing on these insights, this paper develops a Reservation Financial Freedom Index that classifies establishments on a pattern of Indian reservations regarding whether or not these intuitions will improve the prosperity of Indians residing on these reservations. The event of this index is guided by the analysis of political scientists, economists, different social science disciplines, and analysis in legislation. When correlating this index with Indian incomes, the proof reveals a statistically important constructive correlation between reservations with prosperity-enhancing establishments and their financial prosperity.
That’s from a current article by my colleague Thomas Stratmann, not too long ago revealed in Public Selection. Right here is the SSRN model. Right here is the index itself. Right here is a associated Op-Ed.
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