Socioeconomic And Political Development: Their Measurement and Connections

Socioeconomic And Political Development: Their Measurement and Connections

Kostas Rontos

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Ioannis Vavouras

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University of the Aegean

Socioeconomic And Political Development: Their Measurement and Connections

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Abstract

The scope of the paper is to investigate the basic factors of development worldwide. By following factor analysis, six variables that we consider of high importance for the overall development of nations, namely the level of income per capita, the degree of human development, the extent of government effectiveness, the level of perceived corruption, the range of political rights and the extent of civil liberties are found to be integrated into two basic factors of development: the socioeconomic factor and the political factor. The socioeconomic factor comprises the level of income per capita, the degree of human development, the extent of government effectiveness and the level of perceived corruption, while the political factor comprises the range of political rights and the extent of civil liberties. Our analysis unveils that both these factors are of crucial importance for the overall development of countries. Based on these two factors or criteria of development, our empirical work in the form of cluster analysis distinguishes four groups of countries that we describe and discuss in length. The basic conclusion that emerges from our cluster analysis is that although an effective strategy towards overall development demands integrated policies that incorporate both the socioeconomic and the political dimensions of development, most countries worldwide have not achieve both of them.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Kostas Rontos. 2013. \u201cSocioeconomic And Political Development: Their Measurement and Connections\u201d. Global Journal of Human-Social Science - F: Political Science GJHSS-F Volume 13 (GJHSS Volume 13 Issue F5): .

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GJHSS Volume 13 Issue F5
Pg. 51- 65

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords

cluster corruption Factor analysis government effectiveness human development political development political system socioeconomic development

Submission ReceivedDecember 15, 2012
Peer Review Double Blind
Handling Editor
Accepted December 31, 2012
Published January 15, 2013

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September 18, 2013

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Article Matrices

Total Score: 102

Country: Greece

Subject: Global Journal of Human-Social Science - F: Political Science

Authors: Kostas Rontos, Ioannis Vavouras (PhD/Dr. count: 0)

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Publish Date: 2013 09, Wed

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Total Views: 4810

Total Downloads: 2414

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