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The Effect of Social Factors to Economic Growth.docx (116.94 kB)
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The Effect of Social Factors to Economic Growth

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posted on 25.03.2022, 16:13 by GERRY GATAWAGERRY GATAWA
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.

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Declaration of conflicts of interest

None

Corresponding author email

holygerry@yahoo.com

Lead author country

Philippines

Lead author job role

Higher Education Faculty 4-yr College

Lead author institution

Saint Louis University, Baguio City, Philippines

Ethics statement

The study derived data from publicly information from the websites: (1) https://databank.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG/1ff4a498/Popular-Indicators#; (2)https://www.macrotrends.net/countries/ranking/gdp-gross-domestic-product; (3)https://datatopics.worldbank.org/world-development-indicators/themes/people.html. The study utilized secondary data that were obtained during the months of July to August, 2021. No human and animal studies were involved.

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