Research using world development indicators

My research topic is Research using world development indicators. These indicators reveal
worldwide trends and improvement potential. Global development indicator research matters.
WDI figures are from the World Bank. Demographics, economics, education, health,
environment, and more comprise the dataset. The dataset enables academics, policymakers, and
analysts find trends, measure progress, and make judgments. This study plan outlines using the
WDI for global development research.

My research study is significant in many ways, like it Can Asses economic progress and It can
provide a comprehensive picture of a country's economic, social, and environmental progress,
helping policymakers assess economic progress, identify development priorities, make evidence-
based decisions, and measure the impact of policies and programs.

My research questions will be; To what extent do poor and middle-income nations benefit from
investment, education, and high-quality institutions, and how does this affect economic growth?
Is it true that trade liberalization aids developing and middle-income nations? and does outside
assistance help economies expand in developing and transitioning nations?

My research topic is innovative as World development indicators allow for new research.
Secondly, it may employ sophisticated statistical approaches to find the strongest elements
influencing economic, social, and environmental advancement.

My research is truly feasible for me or any other student as the World Bank's World
Development Indicators and the UN's Human Development Index provide a plethora of global
development indicator data. Second, many of these databases update frequently, giving
researchers the latest data.

As far as Broader context is concerned, I will include many high-quality researches articles to
support my study. Some of these are; Trade liberalization and economic growth in developing
and middle-income countries by Nyanzu and Ocran (2019). Global Development Indicators 2020
follows "World Bank, a positive association between education and economic growth in Pakistan
by Khan and Batool (2015), and Brundtland Report: Our Common Future "1987 UN publication
that established sustainable development.

World development indicator study may cover various literature gaps. More study is needed on
how economic policies affect development, especially in low-income nations, social policies, and
development results, such as how healthcare and education reduce poverty.

My empirical strategy will include, To examine the relationship between investment, education,
high-quality institutions, and economic growth in poor and middle-income nations, a multiple
regression analysis using World Development Indicators data can be conducted, To determine
whether trade liberalization helps developing and middle-income nations, a difference-in-
difference analysis using World Trade Organization and World Bank data can be performed, and
To assess whether outside assistance helps economies in developing and transitioning nations
expand, a panel regression analysis using World Development Indicators and foreign aid data
can be conducted.

We will calculate the following regression model:

GDP growth = β0 + β1Investment + β2Education + β3Institutional quality + ε

A second multiple regression analysis will be performed to investigate the connection between
trade liberalization and GDP growth. We will calculate the following regression model:

GDP growth = β0 + β1Trade openness + ε

Lastly, a multiple regression analysis will be performed to determine how well foreign assistance
has been in stimulating economic expansion. A regression model with the following variables
will be estimated:

GDP growth = β0 + β1Foreign aid + β2Institutional quality + β3Good governance + ε

My research contribution will include, identification of the factors that are most strongly
associated with economic, social, and environmental progress, and the current research may
assist policymakers concentrate development on the elements most. This finding may enrich the
development literature and guide future research and policy.