“…In general it is evidenced that, only economic variables are not sufficient to mould an optimal economic growth model (Li and Shi, 2019;Kara and Petrescu, 2018;Huggins, Thompson and Obschonka, 2018;Braganza, Chen, Canhoto, and Sap, 2020;Markussen et al 2018;Di Maria, Peronic and Sarracino, 2017;Marhaenia and Purnamawati, 2021;Yi, 2020;Fehder et al 2018). Moreover, adequately concrete theoretical and empirical evidences confirm that non-economic variables are positively impact economic growth (Roka, 2020;Semeijn, et al 2020;Meyer and Hamilton, 2020;Stevenson and Wolfers, 2013;Asadullah, Xiao and Yeoh, 2016;Loon, Otaye-Ebede and Stewart, 2019;Bhuiyan and Ivlevs, 2019;Charles, Wu and Wu, 2019;Wiklund, Nikolaev,Shir, Foo and Bradley, 2020).…”