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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| Format: | Article |
| Language: | English |
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Ovidius University Press
2025-02-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
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| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%203/22.pdf |
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| author | Adela Socol Dorina Elena Virdea |
| author_facet | Adela Socol Dorina Elena Virdea |
| author_sort | Adela Socol |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-eacc6a5e253d4f4aba12e7fb845490fd |
| institution | OA Journals |
| issn | 2393-3127 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj-art-eacc6a5e253d4f4aba12e7fb845490fd2025-08-20T01:47:29ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272025-02-01XXIV2286295Can The Fragility of States Influence The Relationship Between Economic and Human Development?Adela Socol0Dorina Elena Virdea1“1st of December 1918” University of Alba Iulia, Romania“1st of December 1918” University of Alba Iulia, Doctoral School in Accounting, RomaniaThe 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. https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%203/22.pdfgovernancestate fragilityeconomic growthhuman developmentgovernment expenditure |
| spellingShingle | Adela Socol Dorina Elena Virdea Can The Fragility of States Influence The Relationship Between Economic and Human Development? Ovidius University Annals: Economic Sciences Series governance state fragility economic growth human development government expenditure |
| title | Can The Fragility of States Influence The Relationship Between Economic and Human Development? |
| title_full | Can The Fragility of States Influence The Relationship Between Economic and Human Development? |
| title_fullStr | Can The Fragility of States Influence The Relationship Between Economic and Human Development? |
| title_full_unstemmed | Can The Fragility of States Influence The Relationship Between Economic and Human Development? |
| title_short | Can The Fragility of States Influence The Relationship Between Economic and Human Development? |
| title_sort | can the fragility of states influence the relationship between economic and human development |
| topic | governance state fragility economic growth human development government expenditure |
| url | https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%203/22.pdf |
| work_keys_str_mv | AT adelasocol canthefragilityofstatesinfluencetherelationshipbetweeneconomicandhumandevelopment AT dorinaelenavirdea canthefragilityofstatesinfluencetherelationshipbetweeneconomicandhumandevelopment |