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HDI and Standard of Living: A Panel Data Analysis of Latin America
Get PDFThis paper investigates the correlation between the Human Development Index and other significant measures of standard of living. The study incorporates data for upper- and middle-income countries in Latin America (Mexico, Costa Rica, Columbia, Peru, Uruguay, Brazil, Paraguay, Guatemala, Jamaica, Belize, and Bolivia) surrounding standard of living, including GDP per capita, public spending on education, public spending on health, GNI per capita, unemployment, infant mortality, and inflation. The conclusions from this study are drawn from regression analysis and tests of correlation between the Human Development Index and alternative measures of standard of living. The results show that unemployment and infant mortality are negatively correlated with HDI and statistically significant
Hosting Mega Events Impact on GDP Growth: A Panel Data Analysis
Get PDFThis paper investigates the impact of hosting “mega events” such as the Olympics on a country’s GDP growth. The study incorporates information on the country’s factors of economic development. Spillovers will be modeled through the state of the global economy by using controls such as countries that did not host mega events. The results show that countries that host the Olympics do not see any extra GDP growth than those that did not host an event