Economic Freedom and Human Development in ECOWAS: Does Political-Institutional Strength Play a Role?

Okunlola, Olalekan Charles; Ayetigbo, Olumide A.

doi:10.1007/s13132-021-00787-w

Cited by 11 publications

(5 citation statements)

References 65 publications

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“…Education is gauged by the net enrolment rate in primary education (scolprim), the net enrolment rate in secondary education (scolsecond), and the gross enrolment rate in tertiary education (scolsup). These diverse measures have been widely employed in the literature, particularly as proxies for human capital (Cleeve et al, 2015; Okunlola & Ayetigbo, 2021; Shafuda & De, 2020). EF represents a measure of economic freedom, which can manifest as either the aggregate index or its constituent dimensions.…”

Section: Methodology and Datamentioning

confidence: 99%

Does economic freedom foster education in Sub‐Saharan Africa?

Dia,

Atangana Ondoa,

Ouedraogo

2023

J of Intl Development

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This study investigates the effect of economic freedom on education in Sub‐Saharan Africa. We used a panel of 41 countries covering the period 2000–2019 and the two‐stage least squares (IV‐2SLS) estimates. We find that economic freedom fosters secondary education. Furthermore, we find that the five components of economic freedom have varying effects on education. Indeed, size of government increases secondary education. Legal system increases secondary and tertiary education, while freedom to trade fosters primary and secondary education. In contrast, sound money has a negative impact on primary and tertiary education. These results are robust when we consider education by gender.

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Section: Methodology and Datamentioning

confidence: 99%

Does economic freedom foster education in Sub‐Saharan Africa?

Dia,

Atangana Ondoa,

Ouedraogo

2023

J of Intl Development

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“…Two institutions, Heritage Foundation and Fraser Institute already calculate the economic freedom indices which are widely employed in the studies. In the causality analysis, economic freedom was represented with economic freedom index by Fraser Institute (2022) regarding Nikolaev (2014), Çalışkan (2016), and Okunlola and Ayetigbo (2021). The economic freedom index is calculated with a combination of five indicators of government size, legal system and property rights, sound money, trade freedom, regulations and their sub-components and gets values between 0 (lowest economic freedom) and 10 (highest economic freedom) (Fraser Institute, 2022).…”

Section: Methodsmentioning

confidence: 99%

Economic Freedom and Educational Attainment: Evidence From New Eu Member States

Sart

Bayar

Sezgin

2022

12th International Scientific Conference “Business and Management 2022”

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Educational attainment is a critical factor for individuals and societies given its positive economic implications. Therefore, determinants of educational attainment are important for design and implementation of educational policies. In the article, the causal interaction between economic freedom and educational attainment is investigated in sample of the new European Union states over the 2000–2019 term by means of causality test. The consequences of panel level causality analysis reveal a bilateral causality between economic freedom and educational attainment in the sample. In other words, on the one hand econometric freedom has a significant influence on educational attainment, on the other hand educational attainment has a significant influence on economic freedom. Furthermore, country level causality analysis uncovered a bilateral causality between economic freedom and educational attainment in Lithuania, a unidirectional causality from economic freedom to educational attainment in Latvia, a unidirectional causality from educational attainment to economic growth in Bulgaria, Czechia, Hungary, and Slovenia.

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“…Before the empirical analysis, the multicollinearity test of independent variables [ 28 , 29 ] is first conducted, as shown in Table 2 . As shown in Table 2 , the maximum variance enlargement factor (VIF) of all independent variables is 2.39, far less than 10, indicating that there is no serious multicollinearity problem in the model, and subsequent empirical analysis can be conducted.…”

Section: Empirical Analysismentioning

confidence: 99%

A firm-level analysis of Chinese commercial health insurance surrender

Tian,

Dong

2024

PLoS ONE

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Based on the unbalanced panel data of Chinese professional health insurance companies from 2011 to 2021, the paper constructs "PW+PCSE" model to empirically investigate the main factors affecting the commercial health insurance surrender in China from the company level. The results show that asset-liability ratio has a significant positive effect on health insurance surrender rate. The value preservation and appreciation rate of capital and R&D expenditure rate both have significant negative effects on health insurance surrender rate. These studies bring important enlightenment for domestic health insurance companies to avoid surrender risk.

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Economic Freedom and Human Development in ECOWAS: Does Political-Institutional Strength Play a Role?

Cited by 11 publications

References 65 publications

Does economic freedom foster education in Sub‐Saharan Africa?

Does economic freedom foster education in Sub‐Saharan Africa?

Economic Freedom and Educational Attainment: Evidence From New Eu Member States

A firm-level analysis of Chinese commercial health insurance surrender

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