Do Countries Need Religious and Educational Freedoms to Achieve Prosperity

Dados Bibliográficos

ID3586624
AutoresKhurram Ajaz Khan (0000-0002-3412-6950, Xi'an International Studies University, autor correspondente), Danabekova Aigerim (0000-0002-6216-644X, Shaanxi Normal University), Yansheng Wu (Shaanxi Normal University)
Ano2023
Volume14
Fascículo1
Páginas112
Data de publicação2023-01-12
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoReligions (JOURNAL)
Identificadores do periódicoISSN: 2077-1444 • E-ISSN: 2077-1444
EditoraMDPI AG (PUBLISHER • IT)
DOI10.3390/rel14010112
OpenAlexW4315702541
IdiomaEN
Citações recebidas1
Referências citadas22

This study examines the impact of religious and educational freedoms on prosperity. The system GMM model is applied by using the data of 45 lower-, middle-, and high-income countries from 2009 to 2018. The results show that religious and academic freedoms are positively and statistically significantly associated with prosperity. It is revealed from the results that the lagged impact of both religious and education freedoms has a higher impact on prosperity than the current level of both variables. Interestingly, the interaction term between academic and religious freedom is also positive and statistically significant, indicating that their combined effect further increases prosperity. Further, the interaction term between government effectiveness and gross fixed capital formation is introduced. Its impact is positive and significant, indicating that capital investment positively affects prosperity in the case of higher government effectiveness. This study uses gross fixed capital formation and trade openness as control variables and these variables have a positive impact on prosperity, but the impact of trade openness on prosperity is insignificant. Thus, this study recommends religious and education freedom to achieve prosperity, especially in low-income countries that are already lagging

Demographic economics · Development economics · Economic freedom · Economic growth · Economics · Human capital · Lagging · Market economy · Openness to experience · Political science · Prosperity · Culture, Economy, and Development Studies · Economic Growth and Development · Islamic Finance and Banking Studies · Mathematics · Psychology · Social Psychology