COMMUNICATION BETWEEN INDEX OF HUMAN EVELOPMENT AND ECONOMIC INDICATORS
Journal Title: ΛΌГOΣ. МИСТЕЦТВО НАУКОВОЇ ДУМКИ - Year 2019, Vol 1, Issue 3
Abstract
The purpose of this study is to compare the economic performance of the 20 selected countries with their growth rates for the period 2014 - 2018. We include indicators of economic efficiency such as growth rates, GDP per capita, youth unemployment, inflation and balance of accounts. First, the PAI (Process of Analytical Hierarchy) is used to determine the weights for indicators. Then the distribution is carried out by means of the analysis of TOP SIS (Technique of the order of benefits on the resemblance to the ideal solution). The results show that Germany has the best performance. In addition, the average figures for the HDI (Human Development Index) for the period 2014 - 2018 are calculated. And to distribute countries to understand the impact of HDI on economic performance, we examined the relationship between these two findings with the Spearman rank correlation coefficient. It is clear that there is a positive correlation between HDI and economic indicators.
Authors and Affiliations
Ярослав Білик
Keywords
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