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Spatial Analysis of Economic Risk, Economic Freedom Index, Corruption Perceptions Index and Human Development Index

Authors: Kalkan, Yusuf;

Spatial Analysis of Economic Risk, Economic Freedom Index, Corruption Perceptions Index and Human Development Index

Abstract

This study aims to examine the spatial (neighbourhood) relations of 163 countries in terms of economic risk (ER), economic freedom index (EFI), corruption perception index (CPI) and human development index (HDI). Moran I, Geographically Weighted Regression (GWR) and Multiscale Geographically Weighted Regression (MGWR) methods were used for spatial analysis. The MGWR models demonstrated that countries globally have strong spatial relationships with their neighbouring countries regarding ER, EFI, and CPI but are not significant regarding HDI. This result can be explained by the fact that ER, EFI and CPI indicators are mostly related to the country's economy and that countries have become economically interdependent today. However, HDI may not have resulted in significant spatial relationships due to its focus on human quality of life and social-cultural differences among countries. © 2024, Sosyoekonomi Society. All rights reserved.

Country
Turkey
Related Organizations
Keywords

Corruption Perception Index; Economic Freedom Index; Economic Risk; Geographically Weighted Regression; Human Development Index; Multiscale Geographically Weighted Regression; Spatial Autocorrelation

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Powered by OpenAIRE graph
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average