Abstract
Social factors are great drivers of economic growth and it could result
to tangible benefits that can trigger sustainable development. This
paper argues that social factors can contribute to sustainable economic
growth because social development leads to healthy, educated and
productive citizens who can bring economic contributions. This paper
intends to explore the effect of social factors to economic growth
through a time series analysis among 58 countries (n=290 data) over the
period 2014 to 2018. By conducting correlation and regression analyses,
the study highlights that social factors such as population, health,
education, development, labor force, environment, military, and
geography have significant relationships and effect with the economic
growth indicators such as GDP, GDP growth, GDP-per-capita, GNI,
GNI-per-capita, manufacturing, and tourism.