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World Development For 1995-2020: Econometric Relationships Of Human Capital, Development, Quality Of Government And Life Satisfaction In 164 Countries

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  • GUISAN, Maria-Carmen

Abstract

We analyze the evolution of real Gross Domestic Product, Population and Production per capita of the World, for a period of 25 years: 1995-2020, together with the evolution of Schooling, Fertility, Investment and their effects on Production per capita and, diminution of Poverty and increase in Health care expenditure and Life Expectancy. We also relate economic development, with three indicators of Quality of Life (Happiness, Quality of Government, Peace), and found some unilateral or bilateral relationships. We estimate several econometric relationships on the impact of Education on moderation of Fertility rates and its positive effects on the increase of Economic Development and on the indicators of Quality of Life: Happiness, Quality of Government and Peace. The main emphasis of our conclusions, regarding low income countries, is to increase support to Education and Investment. For all the countries (low, middle and high income) it is important to foster good levels of Happiness which is related with not only with economic development but also with Quality of Government and with Peace. Finally we comment on the perspectives, for year 2030 of sustainable development.

Suggested Citation

  • GUISAN, Maria-Carmen, 2021. "World Development For 1995-2020: Econometric Relationships Of Human Capital, Development, Quality Of Government And Life Satisfaction In 164 Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 21(2), pages 83-112.
    • Handle: RePEc:eaa:aeinde:v:21:y:2021:i:2_5
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    File URL: http://www.usc.es/~economet/reviews/aeid2125.pdf
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    References listed on IDEAS

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    1. GUISAN, Maria-Carmen & EXPOSITO, Pilar, 2020. "Food, Agriculture, Production, Population And Poverty In The World, 2000-2017: Priorities For Sustainable Development," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 20(1), pages 137-150.
    2. Guisan, M.C. & Exposito, P., 2010. "Health Expenditure, Education, Government Effectiveness and Quality of Life in Africa and Asia," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(1).
    3. GUISAN, Maria-Carmen & EXPOSITO, Pilar, 2020. "Co2 Total Emissions In The World, 1970-2015: Relationship With Economic Development And Population Growth," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(1), pages 141-152.
    4. GUISAN, Maria-Carmen & EXPOSITO, Pilar, 2021. "Industry, Education, Development And Quality Of Life In African Countries, 1995-2020," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 21(2), pages 53-76.
    5. Manoel Bittencourt, 2018. "Primary education and fertility rates : Evidence from Southern Africa," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(2), pages 283-302, April.
    6. Guisan, M.Carmen & Exposito, Pilar, 2002. "Economic Growth and Cycles in Asia and Africa in the 20th Century," Review on Economic Cycles, International Association of Economic Cycles, vol. 5(1), December.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 47. World Development Reports 2021: The role of Education on economic development and quality of life
      by MCG Blogs de Economía in Euro-American Association: World Development on 2022-01-18 19:51:00

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    Cited by:

    1. C.E.S. WARBURTON, Ph.D., 2022. "Why Are They So Happy When Others Are So Unhappy? The Theology And Ethics Of Economic Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 22(1), pages 5-18.
    2. GUISAN, Maria-Carmen & EXPOSITO, Pilar, 2021. "Industry, Education, Development And Quality Of Life In African Countries, 1995-2020," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 21(2), pages 53-76.
    3. Emeka NKORO, Aham & Kelvin UKO, 2023. "Foreign Direct Investment And Inclusive Growth: The Role Of The Financial Sector Development In Nigeria, 1981-2020," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 23(1), pages 77-100.
    4. GUISAN, Maria-Carmen, 2022. "Life Satisfaction, Income, Security And Environment: An Interregional Econometric Model Of 372 Regions From Europe, America, Asia And Oceania In Year 2016," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 22(2), pages 25-48.
    5. GUISAN, Maria-Carmen, 2022. "Quality Of Life In Countries And Regions Of Europe, America, Asia And Oceania: Subjective And Objective Indicators, 2000-2020," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 22(2), pages 5-36.
    6. EL BOUHADI, Abdelhamid & OUAHID, Driss & ELKHIDER, Abdelkader, 2022. "Impact Of Economic And Financial Openness On Domestic Inequality In Developing And Emerging Countries: A Panel Data Study Of 11 Countries For 1980-2016," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 22(2), pages 67-88.

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    More about this item

    Keywords

    World Development; Africa; Asia; America; Europe; Eurasia; Schooling; Population; Production; Investment; Happiness; Quality of Government; Peace.;
    All these keywords.

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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