Instituições e desenvolvimento nos países do G7 e BRICS: uma análise do impacto no IDH e PIB per capita

Abstract

This work aims to analyze the influence of the quality of Institutions on GDP per capita and on the Human Development Index (HDI), as shown in the BRICS and G7 countries. For this purpose, data extracted from two records of the World Bank and the United Nations Development Program were used. Ultimately, an unbalanced panel was developed, where the selected countries were analyzed over the period between 2000 and 2020. The calculations were performed using, initially, the Fuzzy-Set methodology and, in addition, the dice model was applied in the panel. as effect done. To better understand the data within the study and for the calculation of the regressions, the IQI (Institutional Quality Index) was also developed. The results indicate a positive relationship between GDP per capita and the quality of institutions, indicating that countries with greater economic development tend to present more efficient institutions and vice-versa. Analyzing the Human Development Index (HDI), it can be concluded that countries with more solid institutions tend to have higher levels of HDI, showing that there is a relationship between economic and social development and the quality of the institutional environment.