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Economic Freedom and Education in Sub-Saharan African Countries
Olalekan B. Aworinde, Adebanwa Ayowole A., Oyedele Ovikuomagbe

This study examined the impact of economic freedom on education in sub-Saharan countries from 1995 to 2020. This work focused on human capital investment using some education performance indicators: secondary school enrolment rates and tertiary school enrolment rates. The empirical model of the study was analyzed within the framework of pooled mean group (PMG) estimator given that the variables had mixed order of integration. The first empirical model of the study showed that there was evidence that all the economic freedom indicators except tax burden and business freedom had positive relationship with secondary school enrolment rates in the long run. Also, the result showed that in the short-run, only trade freedom, property rights, and investment freedom had negative but insignificant with secondary school enrolment rates. The model of the second objective of the study showed that there was evidence that all economic freedom indicators except investment freedom had positive relationship with tertiary school enrolment rates in the long run. On the other hand, the result showed that in the short-run, economic freedom measures had heterogeneous effect on tertiary school enrolment. Therefore, government can improve human capital investment through tertiary school education and other post-secondary school education, as well as the well-trod road between them as these factors played dominant role in most developing economies. Hence, SSA countries should create conducive educational investment climate, lessen tax burden, strengthen thefinancial system and promote free trade to enhance educational performance in SSA. 


Keywords: Economic Freedom, Human Capital Investment, Secondary School Enrolment, Tertiary School Enrolment, SSA countries.

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