{"title":"What is the Key Element for the Territory's State of Development?","authors":"J. Lonska, V. Boronenko","volume":76,"journal":"International Journal of Economics and Management Engineering","pagesStart":885,"pagesEnd":891,"ISSN":"1307-6892","URL":"https:\/\/publications.waset.org\/pdf\/1490","abstract":"
The result of process of territory-s development is the territory-s state of development (TSoD), which is pointed towards the provision and improvement of people-s life conditions. The authors offer to measure the TSoD according to their own developed model. Using the available statistical data regarding the values of model-s elements, the authors empirically show which element mainly determines the TSoD. The findings of the research showed that the key elements of the TSoD are the “Material welfare of people" and “People-s health". Performing a deeper statistical analysis of correlation between these elements, it turned out that it is not so necessary for a country to be bent on trying to increase the material growth of a territory, because a relatively high index of life expectancy at birth could be ensured also by much more modest material resources. On the other hand, the economical feedback of longer lifespan within countries with lower material performance is also relatively low.<\/p>\r\n","references":"[1] G. I. Arhipova, S. Balina, Statistics economy: solutions with SPSS and\r\nMicrosoft Excel: teaching tool (in Latvian). Riga: Datorzinibu Centrs,\r\n2003.\r\n[2] S. Arora, \"Health, human productivity, and long-term economic\r\ngrowth,\" Journal of Economic History, No.61(3), pp. 699-749, 2001.\r\n[3] Association of Religion Data Archives. Online: http:\/\/www.thearda.com\/\r\n(accessed 20 October 2012).\r\n[4] G. S. Becker, Human Capital: a Theoretical and Empirical Analysis,\r\nwith Special Rreference to Education. National Bureau of Economic\r\nResearch, Columbia University Press, 1964.\r\n[5] J. Figueras, M. McKee, \"Health systems, health, wealth and societal\r\nwell-being. 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Systems.","publisher":"World Academy of Science, Engineering and Technology","index":"Open Science Index 76, 2013"}