GDP Alone Predicts Income and Survival - Open Journal of Social Sciences

JSS > Vol.9 No.1, January 2021

Open Journal of Social Sciences

Volume 9, Issue 1 (January 2021)

ISSN Print: 2327-5952 ISSN Online: 2327-5960

Google-based Impact Factor: 0.73 Citations

GDP Alone Predicts Income and Survival ()

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DOI: 10.4236/jss.2021.91034 425 Downloads 1,041 Views Citations

Author(s)

Gordon Bechtel¹, Timothy Bechtel^2*

Affiliation(s)

¹Warrington College of Business, University of Florida, Gainesville, USA.
²Aviation Power GmbH, Frankfurt, Germany.

ABSTRACT

This article generalizes Bechtel and Bechtel (2020a, 2020b). The results in these papers induce our hypotheses that GDP predicts income and survival. These hypotheses are confirmed at the global level and we invite the G20 to confirm them at the national level as well. Our regressions show that global life expectancy and global gross income per capata can be predicted from GDP alone without survey sampling, questionnaire interrogation, probabilistic inference, or significance testing. In view of trade-war and COVID-19 shocks to the world economy,international attention to GDP’s life-saving effects is now compelling.

KEYWORDS

Bilinear OLS Regression, Ghandian Economics, Gross Global Income (GGI) per Capata, Life Expectancy at Birth, Pandemic Threats to Lives and Economies

Share and Cite:

Bechtel, G. and Bechtel, T. (2021) GDP Alone Predicts Income and Survival. Open Journal of Social Sciences, 9, 487-493. doi: 10.4236/jss.2021.91034.

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