Capstone Project

Milestone Assignment 1: Title and Introduction to the Research Question

Title: The association between economic indicators and GDP Per Capita

The purpose of this study is to identify predictors - economic indicators that contribute significantly to a country's economic growth measured by GDP Growth (Annual %) - response variable. The predictors of choice among many are: Fixed Broadband Subscriptions(per 100 people), Foreign Direct Investment, net inflows(% of GDP), Health Expenditure, total(% of GDP), Household final consumption expenditure(% of GDP), Import of Goods and Services(% of GDP), Improved Sanitation Facilities(% of population with access) and Industry Value added (% of GDP)

My motivation is to identify economic activities via economic indicators that contribute to economic growth, which invariable will reduce the incidence of persistence poverty globally. Over the years, a myriad of international organization from International Monetary Fund and the World Bank have prescribed panacea to ending endemic economic stagnation globally. The result is a mix bag. While some countries have made progress over this period, other countries are still mired in stagnant economic existence. 

This research will attempt to identify potential list of economic indicators that are critical to economic growth and development. This will give policy makers economic areas to invest in to actually arrest the current economic decline across the globe and in particular emerging economies. 

Worldbank Data Codebook