Can The Fragility of States Influence The Relationship Between Economic and Human Development?
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 an...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Ovidius University Press
2025-02-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%203/22.pdf |
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| Summary: | 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. |
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| ISSN: | 2393-3127 |