Elvira Y. Churilova

Department of Accounting, Analysis and Audit, 

Financial University under the Government of the Russian Federation, 

Moscow, Russia

EChurilova@fa.ru

Influence of world social and economic indicators’ interlinkage on the development of human potential

Viktor N. Salin

Department of Accounting, Analysis and Audit, 

Financial University under the Government of the Russian Federation,

Moscow, Russia

salvini@rambler.ru

Elena P. Shpakovskaia

Department of Accounting, Analysis and Audit, 

Financial University under the Government of the Russian Federation, 

Moscow, Russia

epsh51@mail.ru

Oksana Yu. Sitnikova

Department of Accounting, Analysis and Audit, 

Financial University under the Government of the Russian Federation,

Moscow, Russia

xenia-s@mail.ru

Abstract. 1) The paper deals with the links between the following indicators: Human Development Index; Human Development Index adjusted for socio-economic inequality; Gender-related Development Index; Gender Inequality Index; Prosperity Index; Education Index; Happy Planet Index; Gini Index; PPP-based measures of GDP per capita. The Prosperity and "Happiness" Index belongs to the new generation of statistical indicators, which allows ranking countries according to their socioeconomic status. Determination of how these indices agree with each other and the Human Development Index and methodologically do not contradict each other is one of the objectives of the study conducted, the results of which are discussed in this article. 2) The article shows the results of the multidimensional classification of the countries into homogeneous groups on the basis of cluster analysis. Within these groups, the prospects for changing the Human Development Index and other indicators involved in the analysis in the future have been considered. The article provides the regression models of the dependency of indicators and their correlation matrices for each group of countries. 3) The results of the study allowed the authors provide specific recommendations on the growth of Human Development Index for each country group separately. 4) Assessment of country’s human potential is one of the most important socioeconomic problems in contemporary science and practice. Further technological progress of the whole world and of individual countries depends on the conditions of human potential development in today’s world.

Received: December, 2018

1st Revision: April, 2019

Accepted: November, 2019

DOI: 10.14254/2071-8330.2019/12-4/6

JEL Classification: J180, P5, D630, I38

Keywords: Human Development Index, Human Development Index Adjusted To Reflect Inequality, Gender-related Development Index, Gender Inequality Index, Legatum Prosperity Index, Education Index, Happy Planet Index, multivariate statistical analysis, cluster analysis, correlation analysis, regression analysis