Abstract
This paper probes the effect of economic freedom on sustainable development. For the purpose sustainable development index is constructed for 58 countries by 39 variables categorized into economic, society and environment dimensions. The panel OLS, Fixed Effect and first difference Generalized Method of Moment (GMM) techniques is employed for the years 2000-2015. The results indicate that economic freedom has positive impact on sustainable development. The bureaucratic quality, democratic accountability, and law and order have also shown positive impact on sustainable development.
Keyword(s)
Economic Freedom, Sustainable development, Panel Data Analysis