Jurnal Akuntansi Keuangan dan Bisnis
Vol 19 No 1 (2026): Jurnal Akuntansi Keuangan dan Bisnis

Analysis of Determinants of the Human Development Index in Central Java: A Focus on Health, Education, Wages, and Unemployment

jeane diana (universitas negeri semarang)
Anggita Manumara (The university of Auckland)
Iva Sofi Gunawati (Universitas Negeri Semarang)
Nimas Aulia Pambajeng Miftahunnajah (Universitas Negeri Semarang)
Shavira Aulia Zahra (Universitas Negeri Semarang)



Article Info

Publish Date
31 May 2026

Abstract

Main Purpose - This study aims to identify the key determinants of the Human Development Index (HDI) in Central Java, with a focus on the roles of health, education, wages, and unemployment. Method - This study employs a quantitative approach using panel data from 35 districts/cities over the period 2017–2024. The analysis is conducted using panel data regression with the Fixed Effect Model (FEM), selected through Chow and Hausman tests to ensure robust estimation. Main Findings - The results reveal that education and wages serve as the primary drivers of HDI, with positive and significant effects. In contrast, health (proxied by outpatient health complaints) and unemployment exhibit negative and significant impacts, indicating structural constraints in healthcare quality and labor market performance. These findings suggest that improvements in human development are not solely driven by human capital accumulation but also depend on the effectiveness of socio-economic systems. Theory and Practical Implications - The findings reinforce human capital theory by emphasizing the need for integrated development across education, health, and labor sectors. Policy interventions should prioritize improving healthcare quality, aligning education with labor market demands, and promoting inclusive employment opportunities. Novelty - This study offers an empirical panel data approach at the district/city level, providing a more comprehensive understanding of the multidimensional relationship between socio-economic factors and HDI.  

Copyrights © 2026






Journal Info

Abbrev

jakb

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Akuntansi Keuangan dan Bisnis (JAKB), with registered number ISSN 2476-9460 (Online) and ISSN 2085-0751 (Print) is a multidisciplinary scientific journal published by Politeknik Caltex Riau. JAKB provides a specialized forum for the publication of research in the area of financial economics ...