Exact(4)
And Britain once again has a higher level of GDP per capita level than its old European rivals.
A country with a higher level of GDP per capita is considered to be better off in economic terms than a country with a lower level.
Here too, however, GDP must be taken into account: a higher level of GDP will mean more transactions, and hence higher demand for money, other things equal.
Among the main drivers towards improvement of those institutions, economic prosperity in the form of higher level of GDP per capita and human capital accumulation play a prominent role.3 Beside this, a recent growing strand of the literature has been concerned by the possible role played by international migration on the evolution of the home country institutions.
Similar(56)
"As countries get richer, higher levels of GDP lead to higher aspiration.
Rather, democratic transitions occur randomly, but once there, countries with higher levels of GDP per capita remain democratic.
Already the higher levels of GDP are tending to flatter public-debt burdens, reducing the French debt-to-GDP ratio by 1.6 percentage points, for instance.
Figures from the World Bank show that other countries in north and western Europe, such as the Netherlands, France or the Nordic countries, have similar or even higher levels of GDP per capita than the UK.
For forecasting up to 2030, the TransVision (2009) study used TRANS-TOOLS and assumed three scenarios: a) Baseline; b) High Growth (Sustainable Economic Development) with higher levels of GDP growth compared to the Baseline scenario); and c) Low Growth (with lower levels of GDP growth compared to the Baseline scenario).
Consistent with other research [15], Table 3 shows that, in addition to an increased level of overall service utilization, countries with a relatively large share of private sector participation tend to also have significantly higher levels of maternal education and also higher levels of GDP per capita, although differences in per capita income are not statistically significant.
Similarly, the GDP per capita variable is negative and significant across all models, which suggests lower child mortality rates with higher levels of GDP per capita [ p < 0.001].
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com