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Socio-Economic Indicators and their Impact on Sustainable Economic Development: An In-depth Analysis of Egypt

Author

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  • Muhammad Eid Balbaa

    (Tashkent State University of Economics, Uzbekistan.)

Abstract

This research paper investigates the sophisticated relationship between socio-economic indicators and sustainable economic development in Egypt, employing a Linear Regression Model to provide an accurate analysis. Focusing on key variables such as Population, Life Expectancy at Birth, and Labor Force, the study seeks to discern their impact on Gross Domestic Product (GDP). With R Square of 0.9443, the model exhibits strong explanatory power. Noteworthy coefficients include a positive relationship between Population and GDP (β = $9,302.27), a negative relationship between Life Expectancy at Birth and GDP (β = -$45.77 Bln), and a positive relationship between Labor Force and GDP (β = $10,097.49). These findings contribute subtle insights to the literature and offer policymakers valuable information for fostering sustainable economic development in Egypt.

Suggested Citation

  • Muhammad Eid Balbaa, 2024. "Socio-Economic Indicators and their Impact on Sustainable Economic Development: An In-depth Analysis of Egypt," International Journal of Economics and Financial Issues, Econjournals, vol. 14(2), pages 136-145, March.
    • Handle: RePEc:eco:journ1:2024-02-14
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    References listed on IDEAS

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    Cited by:

    1. Astanakulov Olim & Mumhammad Eid Balbaa & Berdalieva Mukhabbatkhon & Nilufar Batirova & Umidjon Dadabaev, 2024. "Enhancing Housing Finance for Socio-Economic Stability in Uzbekistan," International Journal of Economics and Financial Issues, Econjournals, vol. 14(3), pages 140-148, May.
    2. Kholmuminov Shayzak Rakhmatovich, 2024. "Fundamentals of Targeted Integrative Program Development for Rural Labor Market Growth in Surplus Regions," International Journal of Economics and Financial Issues, Econjournals, vol. 14(4), pages 239-244, July.

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    More about this item

    Keywords

    Sustainable growth; Socio-economic indicators; Population; Life expectancy at birth; Labor force;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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