THE IMPACT OF TECHNOLOGICAL DEVELOPMENT FACTORS ON THE QUALITY OF LIFE: A COMPARATIVE ANALYSIS OF E7 AND G7

Ekaterina Kozlova, Nikolai Didenko

Abstract: Modern society has to deal with the influence that technological progress has on all aspects of life. The article presents an analysis of the impact that technological development has on the quality of life. The quality of life is assessed by numerous indicators that allow to conduct a comparative analysis of the quality of life in different countries of the world. In the article, the main indicators that assess the quality of life and four indicators of technological development that affect the quality of life are selected. To analyze the impact of technological development on the quality of life, a system of interdependent econometric equations is constructed. Based on the obtained model, the forecast values of quality of life indicators are calculated and their comparison is made for the groups of G7 and E7 countries.

Keywords: Quality of life; Technological development; G7; E7; Econometric modeling

DOI: 10.24874/IJQR16.02-18

Recieved: 19.05.2021  Accepted: 11.11.2021  UDC: 005.336.3

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