Economic Freedom and Innovation
Created on January 19, 2012
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