Is There a Relation Between HDI and Economic Performances?

Efehan Ulas () and Burak Keskin ()
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Efehan Ulas: Cankiri Karatekin University
Burak Keskin: Cankiri Karatekin University

Chapter Chapter 6 in New Trends in Finance and Accounting, 2017, pp 61-70 from Springer

Abstract: Abstract The aim of this study is to compare the economic performances of 20 selected countries, in terms of their growth rate, for the period 2010–2014. We include economic performance indicators as growth rate, GDP per capita, youth unemployment, inflation rate, and account balance. Firstly, AHP is used for the determination of the weights for indicators. Then, ranking is carried out with TOPSIS analyses. Results show that the best performance is showed by Germany. In addition, mean HDI (Human Development Index) scores for the period 2010–2014 are calculated and countries are ranked. To understand the effect of HDI on economic performances, we investigated the relationship between these two findings with Spearman’s rank correlation coefficient. It is clear that there is a positive correlation between HDI and economic performances.

Keywords: TOPSIS; AHP; Economic performance; HDI (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-3-319-49559-0_6

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