(ProQuest: ... denotes formulae omitted.)INTRODUCTION:Development levels of countries have gained gradual attention both from the scholars and public policy makers lately from almost all over the world. Ranking countries in terms of development levels provides insight on living standards and perceived prestige among the other nations. The concept of Human Development Level (HDL) is a composite phenomenon covering public health, wealth accumulation, safe environment, education and schooling that provides knowledge and a mix of rights and freedoms that are essential for human dignity (Alleyne, 2000). HDL is thought to be both an output and a process of widening a variety of individuals' choices to lead satisfactory lives. Though economic growth is somehow considered as an important source for human development and many people see Gross Domestic Product (GDP) as an easy way to measure and compare quality of life; human wellbeing, freedom, happiness, awareness and opportunity to live in a just and equitable environment cannot be reduced plainly to the scale and/or growth rate of GDP (Sen, 2013).According to information asymmetry theory, information is regarded as the negative entropy against ignorance which represents entropy in social or industrial systems (Akerlof, 1970). Information and Communication Technologies (ICT) penetration and information culture has created new forms of discrimination between those who can be inhabitants of the infosphere and those who cannot, between insiders and outsiders, between information rich and information poor, entropic or non-entropic. Humanity in coverage area of infosphere generally has been progressed since information and knowledge has spilled into remote places in soc iety (Floridi & Sanders, 2001). ICT capability is considered as a very significant phenomenon in terms of constructing a new and livable environment for future generations (Floridi & Sanders, 2005). Multiple studies confirm ICT has contributed significantly to growth on developed economies (e.g. Kraemer & Dedrick, 200 Colecchia and Schreyer, 2002). On the other hand, presence of this relationship in developing economies is of the concern especially if it is not supported with healthcare and education dimensions (Sunden & Wicander, 2002; Ngwenyama et al, 2006).Neoliberal economic theory posits the concept of economic freedom as an important determinant of growth and probably key enabler for agents in an economy to accumulate wealth and develop higher living standards (Chauffour, 2009; Boas & Gans-Morse, 2009). In countries with greater Economic Freedom Level (EFL), human capital is considered relatively and significantly more valuable than others with lower EFL (Schultz, 1975). Although there are plenty of works which report positive relation between EFL and economic growth in developed countries (Scully and Slottje, 1991), ongoing debate still exists on the sensitivity of economic growth to EFL especially in developing and underdeveloped countries (De Haan & Sturm, 2000; Turen, Gokmen & Dilek, 2012). We cannot find any research directly scrutinizing longitudional causality relationship between EFL and HDL of countries in the literature.Despite the importance of ICT and EFL to HDL, the literature has no research designed to quantify the magnitude of their combined impact based on global data. This research is therefore a first attempt to fill this gap by exploring the longitudinal impacts ICT and EFL on HDL using global panel data.LITERATURE REVIEW:Human Development Level:Human development and sustainable development concepts namely have emerged and transformed the general approach to economic development in recent decades. The human development paradigm is a concept which is human centric and based on human well-being and emphasizes on how development can widen and straighten the social, economic and political choices of people by broadening freedoms, capabilities and opportunities (Kusharjanto & Kim, 2011). …
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