SOCIAL PROGRESS AND MACROECONOMIC FACTORS: IMPACT ASSESSMENT
This article is devoted to assessing the impact of macroeconomic factors on the social development of the country. In order to ful ll this task we employed Social Progress Index and macroeconomic indicators, such as GDP per capita, unemployment rate, in ation, remittances for the period of 2011-2020 in 141 countries. Standard methods of panel assessment (pooled panel analysis, xed e ects and random e ects) were used for the assessment. A Hausman speci cation test was also performed to compare xed and random e ects models. The article recommends using integrated approaches to improve the assessment of social development and focus on long-term prospects when making political decisions.