THE IMPACT OF INSTITUTIONS ON LIVING STANDARDS AND HUMAN RESOURCES
Author(s): Pavel Simonin Vladimirovich
Release: 2019-1 (28)
Keywords: Quality of life, standard of living, human development index, satisfaction, ranking, GDP
Annotation: This article is devoted to the improvement of the methodology for assessing the impact of institutions on the standard of living of human resources. The analysis shows that significant differences are observed between not only theories and concepts, but also terms such as «standard of living» and «quality of life”. The authors draw attention to the widespread use of traditional and complementary indices to take into account important aspects of the HDI in order to identify the lagging behind in human development, and monitor the distribution of: multidimensional poverty index (MIN) adjusted for inequality, human development index (HDI) and gender inequality index (GDI); gender development index (GDI). To assess the impact of individual institutions on the level and quality of life, it is proposed to use a simple regression model and a ranking model for the main indicators that determine the standard of living and its satisfaction in points. It is proposed to use the adjusted HDI based on the level of human life satisfaction (UUHR) in the context of individual countries, before giving each country an assessment of up to 100 points.
Bibliography: Pavel SI.VL. THE IMPACT OF INSTITUTIONS ON LIVING STANDARDS AND HUMAN RESOURCES // Economics and Management. – 2019. – № 1 (28). – С. 75-81. doi: 10.21777/2587-554X-2019-1-75-81