Human Development and Global Competitiveness of Countries Across the Globe: A Fractal Analysis
Keywords:
Human development, global competitiveness and fractal statisticsAbstract
This paper sought to determine the human development and global competitiveness of countries across the globe by employing a surrogate measurement of data roughness through fractal dimension. The data from the Human Development Index (2010-2012) and Global Competitiveness Index (2010-2012) were utilized to arise with accurate results. The changes in the fractal dimensions of HDI and GCI were treated over the period of 2010-2012 and measured through a fractal software. The findings revealed that these two variables have high fractal dimensions and do not have significant changes over time which indicates that the rank of countries in human development and global competitiveness remains static and if there is a change, it is pointedly insignificant.
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