Economic Freedom Indicators and Higher Education Reforms: Evaluation and Planning Internationalization Process

This study contributes to the body of knowledge by measuring the effects of economic freedom indicators on higher education reforms in selected SAARC countries over a period of 1995-2012. The results show a strong linkage between economic freedom indicators and higher education,which support the int...

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Main Authors: Khalid Zaman, Muhammad Qaiser Saleem, Mehboob Ahmad, Aamir Khan
Format: Article
Language:English
Published: EconJournals 2017-09-01
Series:International Journal of Economics and Financial Issues
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/32021/354215?publisher=http-www-cag-edu-tr-ilhan-ozturk
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author Khalid Zaman
Muhammad Qaiser Saleem
Mehboob Ahmad
Aamir Khan
author_facet Khalid Zaman
Muhammad Qaiser Saleem
Mehboob Ahmad
Aamir Khan
author_sort Khalid Zaman
collection DOAJ
description This study contributes to the body of knowledge by measuring the effects of economic freedom indicators on higher education reforms in selected SAARC countries over a period of 1995-2012. The results show a strong linkage between economic freedom indicators and higher education,which support the internationalization policies of higher education institutions in the region. The results indicate that “freedom from corruption” increases higher education expenditures and literacy rate in Bangladesh, while trade freedom, financial development, property rights, and government spending have a positive impact on higher education expenditures and per capita GDP in India, Nepal, Pakistan, and Sri Lanka. Property rights increases the higher education enrollment, higher education spending per student, and R&D expenditures in Pakistan, while government spending in Sri Lanka has a positive relationship with the literacy rate and R&D expenditures. The results of panel fixed effect regression model confirm the importance of economic freedom indicators in higher education reforms in selected SAARC countries. The study concludes that economic freedom indicators enforce the need of higher education reforms, which is prerequisite for internationalization process across the globe.
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spelling doaj.art-023e96f2a60c4f189fa8a1750e9a6f582023-02-15T16:20:29ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-09-01731521601032Economic Freedom Indicators and Higher Education Reforms: Evaluation and Planning Internationalization ProcessKhalid ZamanMuhammad Qaiser SaleemMehboob AhmadAamir KhanThis study contributes to the body of knowledge by measuring the effects of economic freedom indicators on higher education reforms in selected SAARC countries over a period of 1995-2012. The results show a strong linkage between economic freedom indicators and higher education,which support the internationalization policies of higher education institutions in the region. The results indicate that “freedom from corruption” increases higher education expenditures and literacy rate in Bangladesh, while trade freedom, financial development, property rights, and government spending have a positive impact on higher education expenditures and per capita GDP in India, Nepal, Pakistan, and Sri Lanka. Property rights increases the higher education enrollment, higher education spending per student, and R&D expenditures in Pakistan, while government spending in Sri Lanka has a positive relationship with the literacy rate and R&D expenditures. The results of panel fixed effect regression model confirm the importance of economic freedom indicators in higher education reforms in selected SAARC countries. The study concludes that economic freedom indicators enforce the need of higher education reforms, which is prerequisite for internationalization process across the globe.https://dergipark.org.tr/tr/pub/ijefi/issue/32021/354215?publisher=http-www-cag-edu-tr-ilhan-ozturkhigher education economic freedom indicators internationalization of universities saarc countries panel fixed effect regression
spellingShingle Khalid Zaman
Muhammad Qaiser Saleem
Mehboob Ahmad
Aamir Khan
Economic Freedom Indicators and Higher Education Reforms: Evaluation and Planning Internationalization Process
International Journal of Economics and Financial Issues
higher education
economic freedom indicators
internationalization of universities
saarc countries
panel fixed effect regression
title Economic Freedom Indicators and Higher Education Reforms: Evaluation and Planning Internationalization Process
title_full Economic Freedom Indicators and Higher Education Reforms: Evaluation and Planning Internationalization Process
title_fullStr Economic Freedom Indicators and Higher Education Reforms: Evaluation and Planning Internationalization Process
title_full_unstemmed Economic Freedom Indicators and Higher Education Reforms: Evaluation and Planning Internationalization Process
title_short Economic Freedom Indicators and Higher Education Reforms: Evaluation and Planning Internationalization Process
title_sort economic freedom indicators and higher education reforms evaluation and planning internationalization process
topic higher education
economic freedom indicators
internationalization of universities
saarc countries
panel fixed effect regression
url https://dergipark.org.tr/tr/pub/ijefi/issue/32021/354215?publisher=http-www-cag-edu-tr-ilhan-ozturk
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AT muhammadqaisersaleem economicfreedomindicatorsandhighereducationreformsevaluationandplanninginternationalizationprocess
AT mehboobahmad economicfreedomindicatorsandhighereducationreformsevaluationandplanninginternationalizationprocess
AT aamirkhan economicfreedomindicatorsandhighereducationreformsevaluationandplanninginternationalizationprocess