TAILIEUCHUNG - Economic Freedom of the World: 2009 Annual Report

The classic supply-complement is beef and leather – an increase in the price of beef increases the slaughter of cows, thereby increasing the supply of leather. The opposite of a complement in supply is a substitute in supply. Military and civilian aircraft are substitutes in supply – an increase in the price of military aircraft will tend to divert resources used in the manufacture of aircraft toward military aircraft and away from civilian aircraft, thus reducing the supply of civilian aircraft. Wheat and corn are also substitutes in supply. An increase in the price of wheat. | Economic Freedom of the World 2009 Annual Report 49 Chapter 4 Country Data Tables This chapter presents detailed data on the components used in constructing the EFW index for the 141 countries included in this study. For each country we present the overall EFW index rating and the rank of that country for the years 1980 1985 1990 1995 2000 2005 2006 and 2007. Like all the ratings in the index these are values out of 10 10 is the highest possible rating and zero 0 is the lowest. A higher rating indicates a greater degree of economic freedom. The country data tables show both unadjusted and chain-linked ratings and ranks. See Chapter 1 for a full explanation of the chain-link method. In the rows in the Chain-Linked section titles in bold face indicate the five areas of economic freedom that are combined to generate an overall rating. The cells to their right give the rating and in parentheses the rank for that particular area for each year. In the rows in the Unadjusted section titles in bold face indicate the five areas of economic freedom that are combined to generate an overall score. The cells to their right give the rating for that area for each year. Underneath each area title are the titles of the components and sub-components that are combined to generate that area s score. In these rows are the scores for each year presented where data are available. Shown in italic beside some scores are the actual data used to derive that particular component rating. The top row under the Unadjusted section shows the country s summary rating for each year and in parentheses its overall rank. A more complete description of each component including the methodology used to calculate the ratings can be found in the Appendix 1 Explanatory Notes and Data Sources page 183 . Ratings are available for many countries as far back as 1970 and for the years 2001 to 2004 but these data are omitted from the tables due to limited space. Data available to researchers The full data set .

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