Can The Fragility of States Influence The Relationship Between Economic and Human Development?

Adela Socol () and Dorina Elena Virdea ()
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Adela Socol: “1st of December 1918” University of Alba Iulia, Romania
Dorina Elena Virdea: “1st of December 1918” University of Alba Iulia, Doctoral School in Accounting, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 2, 286-295

Abstract: The institutional governance of countries is a subject intensely explored in recent literature, particularly regarding the influence that governance exerts on economic and social equilibrium. This study investigates the influence that the fragility of nation states has on the link between human and economic development of 129 states, between 2008 to 2022. Basic regression techniques and static panel methods are used (Pooled OLS, Robust regression, Fixed and random effects, Panel-corrected standard errors regression, Prais-Winsten regression) and the Fragile State Index captures the states fragility in terms of social, economic and social challenges. Empirical findings indicate that the more fragile the states, the lower the level of human development, while economic prosperity and government spending lead to improved human development. This study is helpful for policymakers and government authorities to whom it presents evidence of the importance of reducing the fragility of countries, as a premise for human and economic development.

Keywords: governance; state fragility; economic growth; human development; government expenditure (search for similar items in EconPapers)
JEL-codes: H53 O11 O15 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:286-295

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