RT Journal Article
T1 Does Freedom Matter for Sustainable Economic Development? New Evidence from Spatial Econometric Analysis
A1 Mohammadi, Hosein
A1 Shayanmehr, Samira
A1 Borrero Sánchez, Juan Diego
AB Achieving sustainable economic development is always considered one of the main economicgoals of countries. Therefore, researchers are interested in presenting new econometric modelsfor 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.
PB MDPI
SN 2227-7390 (electrónico)
YR 2022
FD 2022-12
LK https://hdl.handle.net/10272/22069
UL https://hdl.handle.net/10272/22069
LA eng
NO Mohammadi, 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. https://doi.org/10.3390/math11010145
DS Repositorio Institucional de la Universidad de Huelva
RD 31 may 2026