Does sustainable competitiveness lead to better life?

Resumen

The present paper studies the relationship among two variables that are often used as indicators of development - GDP per capita, Human Development Index (HDI) - with respect to the five pillars of Global Sustainable Competitiveness Index (GSCI), namely Natural Capital, Resource Intensity, Social Capital, Intellectual Capital, and Governance Performance. The objective is to gain insight how these five pillars impact the GDP per capita and the HDI through the assessment of polynomial regression models. By analyzing these relationships through linear polynomial regression models, certain inferences can be made as to which variable influenced the most these indicators of development. For this purpose, data from SolAbility Sustainable Intelligence’s Global Sustainable Competitiveness Report of 2020 are analyzed for 166 countries.