Impact of economic freedom, corruption and brain drain on economic development of Malaysia: a time series analysis

Abstract

This study aims to examine the impact of brain drain, corruption, and economic freedom on the economic development of a country by using time series research in an emerging country in Asia. The unit root test, cointegration, and OLS regression were applied to the data to assess the relationships. Findings suggest that there is a positive influence of economic freedom on economic development and a negative influence of corruption on economic development. There was no significant impact on economic development caused by brain drain. The present research and findings have important implications in theory and practice because they will set guidelines for researchers and practitioners on how economic development is affected by economic freedom, corruption, and brain drain.