Document Type : Research Paper
Authors
1 M. A. (Economics)/ Razi University/ Kermanshah/ Iran
2 Member of Scientific Board / Department of Economics, Faculty of Social Sciences, Razi University, Kermanshah, Iran.
3 Professor/ Department of Economics/ Faculty of Economics and Accounting/ Razi University/ Kermanshah/ Iran.
Abstract
One of the goals of the green economy is to reduce the negative environmental effects caused by the use of natural resources in developing economies. Investigating the separation of economic growth from fossil fuels is a key task that has been addressed in few studies. Therefore, the main purpose of this research is to investigate the effect of economic freedom on the process of separating economic growth from fossil fuels. In this study, the method of estimating the model is based on panel data, which is in the period (2000-2020) and for "developing countries (Iran, Brazil, India and China) and developed countries (America, England, Germany and France)" has been done. The estimated models are presented in the form of multivariate linear regression models according to the research hypotheses. Based on the obtained results, the first hypothesis according to the results of the fixed effects model and the generalized least squares method, the economic freedom variable had a positive and significant relationship with the dependent variable (economic growth rate). Therefore, for both groups of Countries at the 95% confidence level, economic freedom had a positive and significant effect on the process of separating economic growth from fossil fuels.
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