Economic freedom and educational attainment: evidence from new EU member states

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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Žurnalų straipsniai / Journal articles
Language:
Anglų kalba / English
Title:
Economic freedom and educational attainment: evidence from new EU member states
Authors:
In the Journal:
Business and management, 2022, 12, 103-107
Subject Category:
LT
Bulgarija (Bulgaria); Lietuva (Lithuania); Slovėnija (Slovenia); Vengrija (Hungary).
Summary / Abstract:

ENEducational 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.

DOI:
10.3846/bm.2022.818
ISSN:
2029-4441; 2029-929X
Subject:
Edukologija / Education
Permalink:
https://www.lituanistika.lt/content/96127
Updated:
2026-02-25 13:52:40
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