Advances in Economics, Management and Political Sciences
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Proceedings of the 3rd International Conference on Business and Policy Studies
Series Vol. 77 , 18 April 2024
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Correlation Analysis Between Regional Economic Development Level and Residents' Quality of Life: A Case Study Based on Economic Data
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Abstract
The global development imbalance and the varying distribution of development priorities among countries have led to significant disparities in economic levels and standards of living. Different regions and countries exhibit contrasting economic profiles, resulting in varying living standards for their populations. These economic disparities exert a tangible influence on people’s lives, with changes in the economy directly impacting their daily experiences. This paper adopts a case study method, utilizing data on variables such as GDP, employment rates, average property prices, and per capita car ownership, to examine the manifestation of living standards disparities resulting from economic gaps across different regions and countries. The findings emphasize the crucial role of a stable and growing economy as a prerequisite for enhancing people’s living standards, as the economy serves as a tangible reflection of their quality of life. Understanding the causes and theoretical relationship between the economy and its impact on people’s lives is of paramount importance. In conclusion, this paper illustrates that economic disparities between regions and countries significantly affect people’s living standards and underscores the significance of economic stability and growth in improving people’s well-being. The economy and people’s lives are intertwined, exerting reciprocal effects on each other while also imposing mutual constraints.
Keywords
GDP, Economic development, Life quality
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-377-7
- ISBN (Online)
- 978-1-83558-378-4
- Published Date
- 18 April 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/77/20241799
- Copyright
- 18 April 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited