Examining the Relationship Between Human Development Index and Socio-Economic Variables: A Panel Data Analysis / Siti Ayu Jalil, Mohamad Nadzrul Kamaruddin

Examining the Relationship Between Human Development Index and Socio-Economic Variables: A Panel Data Analysis / Siti Ayu Jalil, Mohamad Nadzrul Kamaruddin

Human Development Index (HDI) measures the average achievements from three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living. This study is to investigate the impact of socio-economic variables represented by the three dimensions i.e....

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Main Authors: Jalil, Siti Ayu, Kamaruddin, Mohamad Nadzrul
Format: Article
Language:English
Published: Faculty of Business and Management ; UiTM Press 2018
Subjects:
Analysis
Online Access:http://ir.uitm.edu.my/id/eprint/23213/
http://ir.uitm.edu.my/id/eprint/23213/
http://ir.uitm.edu.my/id/eprint/23213/1/AJ_SITI%20AYU%20JALIL%20JIBE%20B%2018.pdf.pdf
id uitm-23213
recordtype eprints
spelling uitm-232132019-02-22T03:42:01Z http://ir.uitm.edu.my/id/eprint/23213/ Examining the Relationship Between Human Development Index and Socio-Economic Variables: A Panel Data Analysis / Siti Ayu Jalil, Mohamad Nadzrul Kamaruddin Jalil, Siti Ayu Kamaruddin, Mohamad Nadzrul Analysis Human Development Index (HDI) measures the average achievements from three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living. This study is to investigate the impact of socio-economic variables represented by the three dimensions i.e. mean years of schooling, expected years of schooling, gross domestic product, life expectancy and health expenditure on HDI in fifteen selected developing countries within a 5-year period (2010-2014). The panel data analysis tested the pooled regression model, fixed effects and random effects models. The findings indicated that the Panel Fixed Effects Model (FEM) has proven to be the best model to describe the study. From the FEM model, four predictors have shown significant positive effect on human development index which are, the mean years of schooling, expected years of schooling, life expectancy and GDP per capita whereas, health expenditure is the only variable that shows insignificant relationship. Hence, it can be stated that in these fifteen selected nations despite education and higher GDP are essential to achieve a higher level of HDI, life expectancy is also perceived as a vital indicator to imply a better level of HDI. Faculty of Business and Management ; UiTM Press 2018-12 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/23213/1/AJ_SITI%20AYU%20JALIL%20JIBE%20B%2018.pdf.pdf Jalil, Siti Ayu and Kamaruddin, Mohamad Nadzrul (2018) Examining the Relationship Between Human Development Index and Socio-Economic Variables: A Panel Data Analysis / Siti Ayu Jalil, Mohamad Nadzrul Kamaruddin. Journal of International Business, Economics and Entrepreneurship (JIBE), 3 (2). pp. 37-44. ISSN 2550-1429 (Submitted) https://jibe.uitm.edu.my/
repository_type Digital Repository
institution_category Local University
institution Universiti Teknologi MARA
building UiTM Institutional Repository
collection Online Access
language English
topic Analysis
spellingShingle Analysis
Jalil, Siti Ayu
Kamaruddin, Mohamad Nadzrul
Examining the Relationship Between Human Development Index and Socio-Economic Variables: A Panel Data Analysis / Siti Ayu Jalil, Mohamad Nadzrul Kamaruddin
description Human Development Index (HDI) measures the average achievements from three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living. This study is to investigate the impact of socio-economic variables represented by the three dimensions i.e. mean years of schooling, expected years of schooling, gross domestic product, life expectancy and health expenditure on HDI in fifteen selected developing countries within a 5-year period (2010-2014). The panel data analysis tested the pooled regression model, fixed effects and random effects models. The findings indicated that the Panel Fixed Effects Model (FEM) has proven to be the best model to describe the study. From the FEM model, four predictors have shown significant positive effect on human development index which are, the mean years of schooling, expected years of schooling, life expectancy and GDP per capita whereas, health expenditure is the only variable that shows insignificant relationship. Hence, it can be stated that in these fifteen selected nations despite education and higher GDP are essential to achieve a higher level of HDI, life expectancy is also perceived as a vital indicator to imply a better level of HDI.
format Article
author Jalil, Siti Ayu
Kamaruddin, Mohamad Nadzrul
author_facet Jalil, Siti Ayu
Kamaruddin, Mohamad Nadzrul
author_sort Jalil, Siti Ayu
title Examining the Relationship Between Human Development Index and Socio-Economic Variables: A Panel Data Analysis / Siti Ayu Jalil, Mohamad Nadzrul Kamaruddin
title_short Examining the Relationship Between Human Development Index and Socio-Economic Variables: A Panel Data Analysis / Siti Ayu Jalil, Mohamad Nadzrul Kamaruddin
title_full Examining the Relationship Between Human Development Index and Socio-Economic Variables: A Panel Data Analysis / Siti Ayu Jalil, Mohamad Nadzrul Kamaruddin
title_fullStr Examining the Relationship Between Human Development Index and Socio-Economic Variables: A Panel Data Analysis / Siti Ayu Jalil, Mohamad Nadzrul Kamaruddin
title_full_unstemmed Examining the Relationship Between Human Development Index and Socio-Economic Variables: A Panel Data Analysis / Siti Ayu Jalil, Mohamad Nadzrul Kamaruddin
title_sort examining the relationship between human development index and socio-economic variables: a panel data analysis / siti ayu jalil, mohamad nadzrul kamaruddin
publisher Faculty of Business and Management ; UiTM Press
publishDate 2018
url http://ir.uitm.edu.my/id/eprint/23213/
http://ir.uitm.edu.my/id/eprint/23213/
http://ir.uitm.edu.my/id/eprint/23213/1/AJ_SITI%20AYU%20JALIL%20JIBE%20B%2018.pdf.pdf
first_indexed 2023-09-18T23:10:18Z
last_indexed 2023-09-18T23:10:18Z
_version_ 1777418757398855680

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