ECONOMIC FREEDOM AND EDUCATIONAL ATTAINMENT: EVIDENCE FROM NEW EU MEMBER STATES-Reference-Cited by-同舟云学术

ECONOMIC FREEDOM AND EDUCATIONAL ATTAINMENT: EVIDENCE FROM NEW EU MEMBER STATES

Published:2022-05-12 Issue: Volume: Page:
ISSN:2029-929X
Container-title:12th International Scientific Conference “Business and Management 2022”
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Author:

Sart Gamze¹^ORCID,Bayar Yilmaz²^ORCID,Sezgin Funda Hatice³^ORCID

Affiliation:

1. Department of Educational Sciences, Hasan Ali Yucel Faculty of Education, İstanbul University-Cerrahpaşa, 34500 İstanbul, Türkiye

2. Department of Public Finance, Faculty of Economics and Administrative Sciences, Bandirma Onyedi Eylul University, 10200 Bandirma-Balikesir, Türkiye

3. Department of Industrial Engineering, Istanbul University-Cerrahpaşa, 34500 İstanbul, Türkiye

Abstract

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.

Publisher

Vilnius Gediminas Technical University

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