Abstract
The research results provided a new direction through the design of a Bayesian model with a panel dataset collected from 2006 to 2018. The study was modeled into two periods: Pre- and Post-Financial Crisis 2007–2008. Classification of Countries depended on the level of HDI. In the pre- and post-financial crisis 2007–2008, the positive effect of economic growth seemingly predominated. The positive effect of FDI exceeded its negative effect over the 2006–2011 period. After the financial crisis, the negative effect of FDI was found. Besides, the evidence of the return of trade protectionism was strengthened. Groups of countries with medium and very high HDI witnessed negative effects of Unemployment rate on HDI over both periods.
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Notes
- 1.
- 2.
Argentina, Australia, Belgium, Bulgaria, Canada, Chile, Croatia, Czech, Denmark, England, Estonia, Filand, France, Germany, Hungary, Iceland, Ireland, Israel, Italy, Japan, Latvia, Malaysia, Netherland, New Zealand, Norway, Oman, Poland, Portugal, Qatar, Romania, Russian Federation, Saudi Arabia, Singapore, Slovenia, South Korea, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, Uruguay, Bahrain, Kazakhstan, Kuwait, Lithuania, Slovak Republic.
- 3.
Albania, Belize, Bolivia, Botswana, Brazil, China, Colombia, Costa Rica, Ecuador, Indonesia, Iran, Jamaica, Jordan, Mauritius, Mexico, Moldova, Panama, Paraguay, Peru, Philippine, South Africa, Sri Lanka, Thailand, Tunisia, Ukraine.
- 4.
Bangladesh, Cambodia, Cameroon, Ghana, Honduras, India, Kenya, Morocco, Nepal, Pakistan, Vietnam, Angola, Bhutan, Cabo Verde, El Salvador, Equatorial Guinea, Guatemala, Guyana, Kiribati, Lao People's Democratic Republic, Micronesia, Myanmar, Namibia, Nicaragua, Solomon Islands, Tajikistan, Timor-Leste, Vanuatu, Zambia.
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Appendices
Appendices
Appendix 1. Visual Diagnostics for MCMC Convergence of All Sample Over 2006–2011 Period
Appendix 2. Visual Diagnostics for MCMC Convergence of Countries with Medium HDI Over 2006–2011 Period
Appendix 3. Visual Diagnostics for MCMC Convergence of Countries with High HDI Over 2006–2011 Period
Appendix 4. Visual Diagnostics for MCMC Convergence of Countries with Very High HDI Over 2006–2011 Period
Appendix 5. Visual Diagnostics for MCMC Convergence of All Sample Over the 2012–2018 Period
Appendix 6. Visual Diagnostics for MCMC Convergence of Countries with Medium HDI Over 2012–2018 Period
Appendix 7. Visual Diagnostics for MCMC Convergence of Countries with High HDI Over 2012–2018 Period
Appendix 8. Visual Diagnostics for MCMC Convergence of Countries with Very High HDI Over 2012–2018 Period
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Kieu, V.T.T., Tien, L.T. (2022). Determinants of Variation in Human Development Index Before and After the Financial Crisis: A Bayesian Analysis for Panel Data Model. In: Ngoc Thach, N., Ha, D.T., Trung, N.D., Kreinovich, V. (eds) Prediction and Causality in Econometrics and Related Topics. ECONVN 2021. Studies in Computational Intelligence, vol 983. Springer, Cham. https://doi.org/10.1007/978-3-030-77094-5_45
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