The Role of Business Competitiveness in Human development
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Date
2018-10
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UMT, Lahore
Abstract
The concept of human development has attracted abundant attentions of the vast majority including the scholars and governors in the last couple of decades. The major concern of this work is to find empirical conclusions on the relationship between the human development and Business Competitiveness in the other words we can say that we are trying to find the holy nexus between the competitiveness and human development. The other independent variables are labor, capital, governance and globalization. Business sophistication, technology readiness and innovation are used as instruments of business competitiveness are our major control variables. In particular we have used the developing countries data to estimate the results which we can be presented to the government so they can improve their human development index ranking. We are having 30 countries in our study while taking the data of these countries between 1993-2017. The results of the proxies show that control variables are having significant and positive impact on the human development as policy makers focusing on these factors can help them to improve the HDI in short period.