| Title: | Economic development and planetary boundaries : application of binary dependent variable models |
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| Authors: | ID Boršič, Darja (Author)
ID Žižek, Lea (Author) |
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| Files: |  https://zenodo.org/records/17997115
 RAZ_Borsic_Darja_2025.pdf (558,03 KB)
MD5: 63E78CC2C1B8D503C3ADC68BB03D15E6
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.16 - Independent Scientific Component Part or a Chapter in a Monograph |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | The 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. |
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| Keywords: | sustainable economic development, environment, HDI, PHDI, OLS, logit models |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Publication date: | 20.12.2025 |
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| Year of publishing: | 2025 |
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| Number of pages: | Str. 295-315 |
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| PID: | 20.500.12556/DKUM-96425  |
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| UDC: | 33 |
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| COBISS.SI-ID: | 263784195 |
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| DOI: | 10.5281/zenodo.17997115 |
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| Publication date in DKUM: | 07.01.2026 |
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| Views: | 176 |
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| Downloads: | 10 |
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| Metadata: |    |
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| Categories: | Misc.
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