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dc.contributor.authorMohammadi, Hosein
dc.contributor.authorShayanmehr, Samira
dc.contributor.authorBorrero Sánchez, Juan Diego
dc.identifier.citationMohammadi, H., Shayanmehr, S., & Borrero, J. D. (2022). Does Freedom Matter for Sustainable Economic Development? New Evidence from Spatial Econometric Analysis. In Mathematics (Vol. 11, Issue 1, p. 145). MDPI AG.
dc.identifier.issn2227-7390 (electrónico)
dc.description.abstractAchieving sustainable economic development is always considered one of the main economic goals of countries. Therefore, researchers are interested in presenting new econometric models for more accurate identification of factors affecting economic growth. The current study evaluates the impact of various aspects of freedom (economic freedom, press freedom, civil freedom, and political rights) and an aggregated freedom index on economic growth in European countries from 2000 to 2019 using spatial panel econometric techniques. In addition, the effects of variables such as FDI, financial development (FD), human capital (HC), and capital stock on economic growth are examined. The findings of this research confirm the existence of spatial autocorrelation in economic growth. The results reveal that civil liberties, economic and press freedom, and aggregated freedom boost economic growth, whereas political rights have no significant effect on economic growth. Furthermore, the econometric model results indicate that FDI, FD, HC, and capital stock are positively and significantly associated with economic growth. This research is expected to provide policymakers with a thorough understanding of how to implement the best policies in European countries to achieve sustainable economic development.es_ES
dc.relation.isversionofPublisher’s version
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.subject.otherAggregated freedom indexes_ES
dc.subject.otherEconomic growthes_ES
dc.subject.otherHuman capitales_ES
dc.subject.otherSpatial modelses_ES
dc.titleDoes Freedom Matter for Sustainable Economic Development? New Evidence from Spatial Econometric Analysises_ES
dc.subject.unesco53 Ciencias Económicases_ES

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