2017
DOI: 10.20460/jgsm.2018.252
|View full text |Cite
|
Sign up to set email alerts
|

What Economic and Social Factors Affect GDP Per Capita a Study on 40 Countries

Abstract: This paper explores the social and economic factors that affect GDP per capita as a gauge of economic development for a sample of forty countries. The whole sample is subjected to regression analysis as GDP per capita is being the dependent variable and the rest of the factors are being the independent variables. Regression analysis showed that of the eleven independent variables, population, GDP, transparency score and compulsory education are the four factors that affect GDP per capita the most.

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
3
1
1

Citation Types

0
6
0

Year Published

2018
2018
2024
2024

Publication Types

Select...
5
3

Relationship

0
8

Authors

Journals

citations
Cited by 10 publications
(7 citation statements)
references
References 8 publications
0
6
0
Order By: Relevance
“…Generally, countries attempt to allot a fixed percentage of the total GDP to fund science, technology, and innovation, considering R&D as an important business sector of its national economy [ 27 ]. However, the GDP percentage allotted to this business sector (Table 2 ) is still low and dependent on a series of factors, such as working population size, the economic performance of each country in the global market, transparency and political issues, and unemployment rates [ 28 ]. Despite being dependent on these factors, there is a consensus in literature that R&D expenditure leads to long-term productivity growth for the country [ 29 ].…”
Section: Science and Applied Technology As Results Of Innovation Inve...mentioning
confidence: 99%
“…Generally, countries attempt to allot a fixed percentage of the total GDP to fund science, technology, and innovation, considering R&D as an important business sector of its national economy [ 27 ]. However, the GDP percentage allotted to this business sector (Table 2 ) is still low and dependent on a series of factors, such as working population size, the economic performance of each country in the global market, transparency and political issues, and unemployment rates [ 28 ]. Despite being dependent on these factors, there is a consensus in literature that R&D expenditure leads to long-term productivity growth for the country [ 29 ].…”
Section: Science and Applied Technology As Results Of Innovation Inve...mentioning
confidence: 99%
“…However, the low determinacy coefficient suggests that there are other factors that influence the value of GDP per unit. A similar methodology was employed in Ilter’s (2017) study, using regression analysis to investigate the social and economic factors that affect GDP per capita, which is a measure of economic development, across a sample of 40 countries. The results also confirm Helliwell et al (2023) and Gallup Global Well-Being (2010).…”
Section: Discussionmentioning
confidence: 99%
“…Many literatures have been study different factors such as population, area, transparency ranking, youth unemployment rate, transparency score, education period and type of government. Recent study by Ilter(2017) [3] exams the effect of eleven social and economic factors on GDP using regression analysis and found that population, GDP, transparency score and compulsory education effect on GDP. Zhang, et al ( 2016) [4] study the relationship between city size and GDP and found there is no relationship between them.…”
Section: Introductionmentioning
confidence: 99%