Effect of Language in Economic Growth Emphasizing English language

Abstract

This paper aims to analyze the effect of language on economic growth.
Linear regression models with ordinary least squares method have been used for the
analysis in which the dependent variable of Gross Domestic Product (GDP) per capita
is decided according to real price and independent variables are Living languages
Count, Diversity Index and average of IELTS overall scores. For control variables, we
use different continent such as Africa, Asia, Latin and South America and European
countries as dummy variables. The cross-country data of this research are provided and
calculated in a sectional manner according to the information and statistics of the
World Bank, IELTS Researchers and Ethnologe site for the year 2012. The results of
this research are demonstrative of the positive and negative statistically meaningful
influence of the all variables of this study on the economic growth.