Super Advanced S M Nazmuz Sakib’s Economic Growth and Development Index (SASEGDI)

S M Nazmuz Sakib

No h2frz, OSF Preprints from Center for Open Science

Abstract: This research introduces a novel integrated measure of economic growth and development called the Super Advanced S M Nazmuz Sakib's Economic Growth and Development Index (SASEGDI). SASEGDI incorporates 12 key dimensions including GDP per capita, human development, productivity, CO2 emissions, income inequality, economic freedom, corruption, competitiveness, political stability, social welfare, innovation, and environmental sustainability. Quantitative correlation analysis among 180 countries shows SASEGDI has strong positive correlation with human rights protection but negative correlation with civil liberties, political rights, and press freedom. Case studies of Norway, China, Saudi Arabia, and Venezuela using SASEGDI values imply a potential trade-off between economic development and human freedoms. Triangulation with qualitative analysis suggests policies enhancing SASEGDI may also restrict human rights and liberties. The SASEGDI provides a multidimensional tool to evaluate and compare country performance on economic growth and development while highlighting the complex interlinkages with human rights and freedoms. Further research could apply SASEGDI to study impacts of culture, institutions, and regimes on developmental outcomes.

Date: 2023-05-02
New Economics Papers: this item is included in nep-env and nep-gro
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:h2frz

DOI: 10.31219/osf.io/h2frz

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