TITLE:
GDP Alone Predicts Income and Survival
AUTHORS:
Gordon Bechtel, Timothy Bechtel
KEYWORDS:
Bilinear OLS Regression, Ghandian Economics, Gross Global Income (GGI) per Capata, Life Expectancy at Birth, Pandemic Threats to Lives and Economies
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.9 No.1,
January
29,
2021
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.