Clustering Social Progress and its Impact on Economic Growth

Subject Areas : Social Science Quarterly

hoda Rezaei Roshan ¹ , ali rahmani ² , Amir Mansour Tehranchian ³ , Reza Ali Mohseni ⁴

1 - Ph. D student in Sociology of Economics and Development ,Babol Branch, Islamic Azad University, Babol, Iran
2 - Sociology Department, Babol Branch,Islamic Azad University, Babol ,Iran
3 - Ph. D in Economics, Department of Economics, Faculty of Economics & Administrative Science, University of Mazandaran, Babolsar, Iran
4 - Sociology Department, Central Tehran Branch, Islamic Azad University,Tehran, Iran

Received: 2020-10-01 Accepted : 2020-12-18 Published : 2020-12-20

Keywords: Economic Growth, gross domestic product, Economic Freedom, Decision tree, Keywords: social progress,

Abstract :

The present paper intends to test the impact of these two variables of social progress and economic freedom on economic growth. Statistics related to the social progress, economic freedom and per capita gross domestic product in 128 countries are based on the Social Development Index, the Heritage Foundation and the World Bank in 2017, and are used the methods of decision tree and multiple regression. The results of the decision tree method show that there are significant differences in the rate of social progress and economic freedom between countries with different revenues. Also, the results of multiple regression estimations in the study year show that the variables of social progress and economic freedom in these countries have been effective and have a positive and significant effect on GDP per capita. Thus, with the effectiveness of these indicators, society will come toward development and economic and social well-being, and this society will be an ideal society.