Impact of internet penetration, education and investment on GDP
Variables and Design
With the purpose of understanding the impact of economic variables on GDP of a country, we propose to include some conventional variables such as primary education and gross investment to GDP ratio, along with non-conventional factors such as internet penetration in our multiple regression analysis model. As part of this model, while the GDP of a country will be the dependent variable, other variables stated above, such as primary education, gross investment to GDP ratio and internet penetration will be the independent variables.
Important to note, owing to some limitations relating to the data availability, for this project we will perform the analysis for the United States only. However, doing so we will ensure that the data used as input in the regression model is sourced from the credible source. Therefore, the data relating to the GDP, Gross Investment to GDP Ratio and Primary school enrollment will be sourced exclusively from World Bank Database. On the other hand, data relating to broadband penetration and broadband subscriptions will be sourced from The International Telecommunication Union World Telecommunication Indicators Database, which is also one of the highly credible source for data relating to information and communication technology.
Important to note, using the data from such credible sources will be highly advantageous for us as using such data means that we do not need to initiate the research work using exploratory research and prepare the data foundation first. Henceforth, using the descriptive research will be more appropriate here as it will help us in understanding the topic in a more comprehensive manner.
