The Role of Democracy and Economic Freedom in Economic Growth: Evidence from Developed and Developing Countries

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dc.contributor.authorCakmakli, Bahadir Murat
dc.date.accessioned2026-04-25T14:20:20Z
dc.date.available2026-04-25T14:20:20Z
dc.date.issued2025
dc.departmentSinop Üniversitesi
dc.description.abstractEconomic growth has been included in the literature as a historical concept that countries have endeavoured to achieve. To date, economic growth has been analysed using a variety of variables. In our study, the economic growth of seven developed countries and eleven developing countries, as well as military expenditures, democracy, economic freedom, foreign direct investment, and unemployment, were analysed using the Panel EGLS model. As a result of the analysis, it was found that economic freedom has a negative and insignificant effect, while democracy and unemployment have an adverse and significant impact. Additionally, military expenditures and Foreign Direct Investments (FDI) have a positive and significant impact on economic growth.
dc.identifier.doi10.17233/sosyoekonomi.2025.03.13
dc.identifier.endpage293
dc.identifier.issn1305-5577
dc.identifier.issue65
dc.identifier.orcid0000-0002-7390-0056
dc.identifier.scopus2-s2.0-105012618941
dc.identifier.scopusqualityQ3
dc.identifier.startpage273
dc.identifier.trdizinid1328587
dc.identifier.urihttps://doi.org/10.17233/sosyoekonomi.2025.03.13
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1328587
dc.identifier.urihttps://hdl.handle.net/11486/8521
dc.identifier.volume33
dc.identifier.wosWOS:001533894800013
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.indekslendigikaynakTR-Dizin
dc.institutionauthorCakmakli, Bahadir Murat
dc.language.isoen
dc.publisherSosyoekonomi Soc
dc.relation.ispartofSosyoekonomi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20260420
dc.subjectEconomic Growth
dc.subjectDemocracy
dc.subjectEconomic Freedom
dc.subjectMilitary Expenditures
dc.subjectUnemployment
dc.subjectForeign Direct Investment
dc.titleThe Role of Democracy and Economic Freedom in Economic Growth: Evidence from Developed and Developing Countries
dc.typeArticle

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