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The Effect of Social Factors to Economic Growth.docx (116.94 kB)
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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.
Funding
None
History
Declaration of conflicts of interest
NoneCorresponding author email
holygerry@yahoo.comLead author country
- Philippines
Lead author job role
- Higher Education Faculty 4-yr College
Lead author institution
Saint Louis University, Baguio City, PhilippinesEthics 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.Terms agreed
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