Determinants of Economic Development Level - Structure and Its Stability

• Authors: Szufel P. , Witkowski D.
• Languages of publication: EN

Abstracts

EN

Determinants of economic development in different countries are analyzed in the paper. According to the literature, the analyses of variables and factors underlying the different pace of economic growth in different countries reveal the complexity of processes driving different countries towards higher level of economic development. In the article the degree of dependencies between the level of economic development and various attributes including macroeconomic factors and human capital is measured in the years 1965 - 2003. Comparative analysis of World Development Indicators database published yearly by the World Bank is conducted on values of 695 attributes in 208 countries. The occurrence of missing data, motivated to use a set of tools for data exploration WEKA (Waikato Environment for Knowledge Analysis). Thus in addition, the problem of the applicability of data exploration tools for analyzing real data arising from economic processes was investigated.

Keywords

EN

DATA MNING; ECONOMIC DEVELOPMENT; MACHINE LEARNING; QUALITY OF DECISION RULES

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Warsaw School of Economics, Collegium of Economic Analysis
• Journal: Roczniki Kolegium Analiz Ekonomicznych
• Year: 2007
• Volume: 17
• Pages: 85-100
• Document type: ARTICLE

Contributors

author

Szufel P.

author

Witkowski D.

• P. Szufel, Szkola Glówna Handlowa w Warszawie, Instytut Ekonometrii, al. Niepodleglosci 162, 02-554 Warszawa, Poland

Identifiers

CEJSH db identifier

08PLAAAA04288346