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Economic Freedom and Innovation

Created on January 19, 2012

Economic Freedom and Innovation

Trend Line

Correlation = 0.71

R2 = 0.50

Each dot represents a nation in the Index of Economic Freedom

Innovation Capacity

Overall Score in the 2012 Index of Economic Freedom

Sources: Terry Miller, Kim R. Holmes, and Edwin J. Feulner, 2012 Index of Economic Freedom (Washington, D.C.: The Heritage Foundation and Dow Jones & Company, Inc., 2012), at www.heritage.org/index, and INSEAD eLab, The Global Innovation Index 2011, at http://www.globalinnovationindex.org/gii/main/ fullreport/index.html (November 4, 2011) (November 4, 2011)

 

heritage.org

Chart 8