IDEAS home Printed from https://ideas.repec.org/a/eco/journ1/2024-02-14.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijefi/article/download/16016/7829
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijefi/article/view/16016
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    2. Mazen Nassef & Nadia Mohammed & Maha Ibrahim, 2023. "Investigating the Socio-Economic Sustainability within the Egyptian Museums over the Last Decade," Sustainability, MDPI, vol. 15(24), pages 1-23, December.
    3. Sherif Shokry & Shinji Tanaka & Amr M. Wahaballa, 2022. "Cost–Benefit Analysis of Unconventional Arterial Intersection Designs: Cairo as a Case Study," Sustainability, MDPI, vol. 14(24), pages 1-17, December.
    4. Gary S. Becker, 1964. "Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, First Edition," NBER Books, National Bureau of Economic Research, Inc, number beck-5.
    5. Casper Worm Hansen & Lars Lønstrup, 2015. "The Rise in Life Expectancy and Economic Growth in the 20th Century," Economic Journal, Royal Economic Society, vol. 0(584), pages 838-852, May.
    6. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    7. Daron Acemoglu & Simon Johnson, 2007. "Disease and Development: The Effect of Life Expectancy on Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 925-985, December.
    8. Mohamed Salem Nashwan & Shamsuddin Shahid & Eun-Sung Chung, 2020. "High-Resolution Climate Projections for a Densely Populated Mediterranean Region," Sustainability, MDPI, vol. 12(9), pages 1-22, May.
    9. Farzanegan, Mohammad Reza & Hassan, Mai & Badreldin, Ahmed Mohamed, 2020. "Economic liberalization in Egypt: A way to reduce the shadow economy?," Journal of Policy Modeling, Elsevier, vol. 42(2), pages 307-327.
    10. Ahmed, Osama & Sallam, Walid, 2020. "Assessing the potential of improving livelihoods and creating sustainable socio-economic circumstances for rural communities in Upper Egypt," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 12(16).
    11. Osama Ahmed & Walid Sallam, 2020. "Assessing the Potential of Improving Livelihoods and Creating Sustainable Socio-Economic Circumstances for Rural Communities in Upper Egypt," Sustainability, MDPI, vol. 12(16), pages 1-23, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bloom, David E. & Canning, David & Kotschy, Rainer & Prettner, Klaus & Schünemann, Johannes, 2024. "Health and economic growth: Reconciling the micro and macro evidence," World Development, Elsevier, vol. 178(C).
    2. Rajesh Sharma, 2018. "Health and economic growth: Evidence from dynamic panel data of 143 years," PLOS ONE, Public Library of Science, vol. 13(10), pages 1-20, October.
    3. Ralph Hippe & Roger Fouquet, 2024. "The Human Capital Transition and the Role of Policy," Springer Books, in: Claude Diebolt & Michael Haupert (ed.), Handbook of Cliometrics, edition 3, pages 411-457, Springer.
    4. Mujaheed Shaikh & Afschin Gandjour, 2019. "Pharmaceutical expenditure and gross domestic product: Evidence of simultaneous effects using a two‐step instrumental variables strategy," Health Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 101-122, January.
    5. Boachie, Micheal Kofi, 2015. "Effect of health on economic growth in Ghana:An application of ARDL bounds test to cointegration," MPRA Paper 67201, University Library of Munich, Germany.
    6. Syeda Anam Fatima Rizvi, 2019. "Health Expenditures, Institutional Quality and Economic Growth," Post-Print hal-03341703, HAL.
    7. Eftimoski, Dimitar, 2022. "On the inconclusive effect of human capital on growth: A new look at extended specifications," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 708-727.
    8. Stephen G. Zimmer, 2023. "Rethinking the role of human Capital in Growth Models," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(4), pages 567-588, December.
    9. David E. Bloom & Michael Kuhn & Klaus Prettner, 2022. "Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses," Journal of Economic Literature, American Economic Association, vol. 60(1), pages 85-131, March.
    10. Oussama Elkhalfi & Rachid Chaabita & Kamal Zahraoui & Hicham El Alaoui, 2023. "Public Spending on Human Capital and Economic Growth in Morocco," International Journal of Economics and Financial Issues, Econjournals, vol. 13(4), pages 102-110, July.
    11. Valero, Anna & Van Reenen, John, 2019. "The economic impact of universities: Evidence from across the globe," Economics of Education Review, Elsevier, vol. 68(C), pages 53-67.
    12. Quamrul H. Ashraf & David N. Weil & Joshua Wilde, 2011. "The Effect of Fertility Reduction on Economic Growth," Department of Economics Working Papers 2013-11, Department of Economics, Williams College, revised Feb 2013.
    13. Quamrul H. Ashraf & David N. Weil & Joshua Wilde, 2013. "The Effect of Fertility Reduction on Economic Growth," Population and Development Review, The Population Council, Inc., vol. 39(1), pages 97-130, March.
    14. Alassane DRABO, 2010. "Interrelationships between Health, Environment Quality and Economic Activity: What Consequences for Economic Convergence," Working Papers 201005, CERDI.
    15. Jochen Hartwig, 2008. "Has Health Capital Formation Cured 'Baumol's Disease'? - Panel Granger Causality Evidence for OECD Countries," KOF Working papers 08-206, KOF Swiss Economic Institute, ETH Zurich.
    16. Aribah Aslam, 2020. "The hotly debate of human capital and economic growth: why institutions may matter?," Quality & Quantity: International Journal of Methodology, Springer, vol. 54(4), pages 1351-1362, August.
    17. Mine Yilmazer & Serkan inar, 2015. "Human Capabilities and Economic Growth: A Comparative Human Capability Index," International Journal of Economics and Financial Issues, Econjournals, vol. 5(4), pages 843-853.
    18. Wößmann, Ludger, 2000. "Specifying Human Capital: A Review, Some Extensions, and Development Effects," Kiel Working Papers 1007, Kiel Institute for the World Economy (IfW Kiel).
    19. Mirjam Praag & André Stel, 2013. "The more business owners, the merrier? The role of tertiary education," Small Business Economics, Springer, vol. 41(2), pages 335-357, August.
    20. Fumagalli, Elena & Pinna Pintor, M & Suhrcke, Marc, 2024. "The impact of health on economic growth: A narrative literature review," Health Policy, Elsevier, vol. 143(C).

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ1:2024-02-14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.