Revisiting growth fundamentals in SAARC: An empirical investigation of economic freedom, human development, and foreign direct investment

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Economic freedom and human development positively affect economic growth in the SAARC region.
The economic freedom index shows a beta coefficient of 1.9895, indicating a significant impact.
Foreign direct investment displayed a negative effect on economic growth, with a beta value of -0.2981.
The findings suggest that improving governance and market efficiency is crucial for sustained growth in SAARC countries.

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Empirical analysis reveals economic freedom and human development boost growth in SAARC nations, suggesting policy implications.

Ajayi et al. (2025) studied this question.

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