Balance: Jurnal Ekonomi
Vol. 20 No. 2 (2024): Desember 2024

Analysis of Factors Affecting the Human Development Index (HDI) in 43 Sub-Saharan African Countries 2018-2022

Meilita, Fristyan Yuris (Unknown)
Hasmarini, Maulidyah Indira (Unknown)



Article Info

Publish Date
31 Dec 2024

Abstract

The Human Development Index (HDI) is a crucial metric for assessing the quality of life and welfare in a region. However, Sub-Saharan African countries continue to encounter challenges in improving their HDI. This research aims to analyze the effects of economic growth, population growth, the Corruption Perception Index, and unemployment rates on HDI across 43 Sub-Saharan African nations from 2018 to 2022. The analytical approach employed includes panel data regression with Pooled Least Square (PLS), Fixed Effect Model (FEM), and Random Effect Model (REM). The Chow test and Hausman test are utilized to identify the most suitable estimation model. The findings indicate that the Fixed Effect Model (FEM) is the most appropriate model, demonstrating the significant impact of population growth and the Corruption Perception Index on HDI in these countries. Conversely, economic growth and unemployment rates do not show a significant influence. Among the 43 Sub-Saharan African nations, Mauritius stands out with the highest HDI, while Niger has the lowest.

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Journal Info

Abbrev

jeb

Publisher

Subject

Economics, Econometrics & Finance

Description

Balance: Jurnal Ekonomi has p-ISSN 1858-2192 and e-ISSN 2686-5467 published by the Development Economics Study Program of the Faculty of Economics and Business, Muhammadiyah University of Makassar, this journal publishes research articles in the field of Economics. This journal publishes research ...