This purpose of this study was to examine factors that may help developing countries to achieve and maintain developed economic status over time. The continuous advancement of any economy is based on the culminated growth of businesses in the economy. Many factors can enable business productivity and economic growth for developing and developed countries. Quantitative methodology was used in this study. The dependent variable consisted of the GDP per capita of each country examined. The independent variables included: 1. Democratically enabled government (D) also called here as the Rule of Law, 2. Education and retention of human capital investment (E), 3. Validation of infrastructure (V), 4. Enablement of trade not aid approach (E), 5. Lasting monetary policies (L), 6. Oversight on innovation and patent protection (O), and 7. Partnership of raw material, processing and servicing industries (P). The data analysis included empirical measurements and calculation using a correlational study and step-wise multiple regression analysis. Based on their GDP per capita, the countries examined were divided into two main categories: developing and developed countries. Countries with GDP per capita above $12,000 were classified as developed and countries below $12,000 were classified as developing countries. The findings of the study showed that several factors seem to contribute significantly to business productivity as measured by the GDP per capita of the country. Specifically, four factors had statistically significant effects on GDP per capita: Rule of Law index (D), infrastructure index (V), the number of patents (O), and stabilizing inflation rate (L). Applying the Rule of Law, infrastructure development, patents, and stabilizing inflation rates tested statistically significant relative to increasing GDP per capita. Based on the findings, recommendations were made to policymakers for factors that may be considered to enhance economic development in developing countries.
|Advisor:||Konyu-Fogel, Gyongyi, Booker, Janet|
|Commitee:||Konyu-Fogel, Gyongyi, Booker, Janet, Edward, Michael D., Herbert, Gregory D.|
|School:||California Southern University|
|Department:||School of Business|
|School Location:||United States -- California|
|Source:||DAI-A 82/2(E), Dissertation Abstracts International|
|Subjects:||Business administration, Economics|
|Keywords:||Developing countries, Human capital, Monetary policies, Partnership and Innovation, Rule of law, Trade, Developed countries, Infrastructure|
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