Determinants of Human Development Index (HDI): A Regression Analysis of Economic and Social Indicators
Kuldeep Singh, Sumanth Cheemalapati, Srikanth Reddy RamiReddy, George Kurian, Prathamesh Muzumdar, Apoorva Muley
Asian Journal of Economics, Business and Accounting · pp. 26–34 · Published 3 Jan 2025
10.9734/ajeba/2025/v25i11630Abstract
This study aims to investigate the factors influencing the Human Development Index (HDI). Five variables—GDP per capita, health expenditure, education expenditure, infant mortality rate (per 1,000 live births), and average years of schooling—were analyzed to develop a regression model assessing their impact on HDI. The results indicate that GDP per capita, infant mortality rate, and average years of schooling are significant predictors of HDI. Specifically, the study finds a positive relationship between GDP per capita and average years of schooling with HDI, while infant mortality rate is negatively associated with HDI.
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