Journal of Regional Economics Indonesia
Vol. 5 No. 2 (2024): Agustus 2024

Assessing the Impact of Human Development Index Components on Economic Growth: A Case Study of the Special Region of Yogyakarta

Budiyanto, Fajar Arif (Unknown)



Article Info

Publish Date
11 Dec 2024

Abstract

The study examines the influence of Human Development Index (HDI) components—education, health, and per capita expenditure—on the economic growth of the Special Region of Yogyakarta, Indonesia, from 2013 to 2022. Using panel data regression with the Common Effect Model, the research identifies the varying impacts of these components. Results indicate that education positively and significantly contributes to economic growth, while health and per capita expenditure exhibit a negative yet significant relationship. These findings highlight the importance of strategic policies to enhance human capital, reduce regional disparities, and optimize socio-economic outcomes. The study underscores the need for targeted public investments in education and healthcare infrastructure while addressing the unique economic challenges of areas with aging populations and low per capita expenditures. This research contributes to the growing body of literature on regional economic development and offers actionable insights for policymakers to foster sustainable economic growth.

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Journal Info

Abbrev

jrei

Publisher

Subject

Economics, Econometrics & Finance

Description

The Journal of Regional Economics Indonesia welcomes studies on the themes of development economics, especially those concerning four main issues, namely: (i) regional finance; (ii) banking; (iii) human resources; and (iv) regional / spatial economics. These four issues are obtained through ...