Economic development and planetary boundariesBoršič, Darja (Avtor) Žižek, Lea (Avtor) sustainable economic developmentenvironmentHDIPHDIOLSlogit modelsThe aim of this paper is to estimate the determinants of economic development measured by Human Development Index (HDI) and planetary boundaries measured by Planetary Pressures-adjusted Human Development Index (PHDI). The empirical analysis was conducted in two parts. First, the whole set of 106 countries worldwide with available data was included in estimating determinants of economic development regardless of economic development rank. The ordinary least squares models confirmed the hypothesis that the HDI determinants focus on education and material standard factors, while PHDI determinants consist also of more environmental factors. Second, only very high and high developed countries were included in estimating the logit models. The binary dependent variables approach could not confirm that the PHDI is more environmentally focused since it turned out that also HDI determinants include environmental factors that influence the probability of a country to increase the HDI rank and the estimated signs of some of the estimated coefficients for environmental variables in case of PHDI do not meet the expectations.20252026-01-07 13:56:48Znanstveno delo96425UDK: 33OceCobissID: 263762947COBISS_ID: 263784195DOI: 10.5281/zenodo.17997115sl