The Impact of Economic Freedom on Economic Growth in Western Balkan Countries

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Analysis reveals how economic freedom influences growth in six Western Balkan countries, suggesting needed reforms.

Economic freedom positively influences growth in the Western Balkans, with specific factors affecting real GDP per capita.
Government integrity and public debt negatively impact growth, while property rights enhance economic performance significantly.
Using Random Forest, VAR, and GMM analysis, this study provides a comprehensive view of economic dynamics and causal relationships.
Policy approaches should integrate market reforms with better governance and fiscal management to foster sustainable growth.

Bajrami et al. (2025) studied this question.

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