Economic Freedom and Innovation

This article emphasizes the influence of country-level economic freedoms on innovation. Using data on 139 countries, this paper examines the role of economic freedoms that influence a countrys innovation level. The empirical findings confirm that property rights, freedom from corruption, fiscal freedom, business freedom, trade freedom, investment freedom, and financial freedom all influence a countrys innovation level. The main goal is to emphasize the importance of economic freedoms in devising alternative policy recommendations for innovation-enhancing activities.