Analysis of Factors Affecting the Human Development Index in the 15 Countries with the Highest Human Development Index in the World Lestari Sukarniati(a), Arnufan Deni Marwanto(a*), Dito Wijaytno(a), Maya Nur Cholida(a), Dwi Apriliana(a)
Development Economics, Faculty of Economics and Business, Ahmad Dahlan University
Jalan Kapas No. 9, Semaki, Kec. Umbulharjo, Kota Yogyakarta, Daerah Istimewa Yogyakarta 55166, Indonesia
*2200010170[at]webmail.uad.ac.id
Abstract
This research aims to analyze the factor that influence the Human Development Index in 15 countries with the highest Human Development Index in the world. The focus of the analysis includes Economic Growth, Foreign Investment, Government Expenditures in Health Sector, Government Expenditures in Education Sector, and Labor Force. The results of this analysis can provide new insights for the government to adopt more comprehensive and effective development policies and strategies. The reason for choosing the Human Development Index in the 15 countries with the highest index because attention to countries with the highest Human Development Index is increasing. This country is often a role model in achieving sustainable development with high levels of welfare, education and health. This research uses quantitative methods with panel data type. The variables Human Development Index, Economic Growth, Foreign Investment, Government Expenditure in the Health Sector, Government Expenditure in the Education Sector, and Labor Force are sourced from the World Bank. The results of this research show that the variables Economic Growth, Government Expenditure in the Health Sector, Government Expenditure in the Education Sector, and Labor Force have a significant positive influence on the Human Development Index in 15 countries with the highest Human Development Index (HDI) throughout the world. Meanwhile, the Foreign Investment variable has a significant negative effect on the Human Development Index in 15 countries with the highest Human Development Index (HDI) throughout the world.
Keywords: Economic Growth, Foreign Investment, Government Expenditures in Health Sector, Government Expenditures in Education Sector, and Labor Force
