Fraser Institute Ranks Ohio 47th for Size of Government, 23rd for Taxation, and 39th in Labor Market Freedom
From Jeff Bell in the Columbus Business First:
Ohio finds itself in the bottom half of a new ranking that looks at how tax rates, size of government and labor union activity affect residents’ “economic freedom.”
The state is ranked 34th among the 60 states and Canadian provinces in the analysis by the Fraser Institute, a conservative research and education organization based in Canada. Ohio scored 6.5 on a scale of zero to 10 for economic freedom, which the institute defines as the ability of individuals and families to make their own economic decisions.
Delaware had the top score – 8.3 – while West Virginia was the lowest ranked state at 5.4. Canada’s Prince Edward Island was ranked 60th with a score of 4.
The rankings were drawn from 10 indicators of economic freedom based on size of government, taxes and labor market freedom, said Nathan Ashby, co-author of the report and an assistant professor of economics at the University of Texas at El Paso.
The full report is here, which shows Ohio is in second to last quintile of economic freedom in the region, putting us in line with much of Canada.
The metrics are interesting since they consider specific issues like Ohio not being a Right to Work state… and Fraser Institute has published groundbreaking work on economic growth and development, which was edited by my former academic advisor and friend Dr. Robert Lawson, a founder of the Buckeye Institute who now writes for the Division of Labour blog.
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