Human development index impact on economic growth

• Main Authors: Pham Tan Hoa, Le Thanh Liem, Nguyen Kim Phuoc
• Format: Article
• Language: English
• Published: HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE 2016-05-01
• Series: Ho Chi Minh City Open University Journal of Science - Economics and Business Administration
• Subjects: gdp; hdi; economic growth
• Online Access: https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/106

Several studies have explored the determinants of economic growth among countries. The research generally refers to factors such as physical capital/capital, labor, technology, infrastructure, policy institutions, the openness of the economy... However, previous studies rarely mention the human development index (HDI). This study reviewed the human development index (HDI) and other factors affecting the economic growth of nations. The research based on the theory of Solow (1956), Chiu, Hsu, & Wang (2006) and Ferreira-Lopes Sequeira (2011). Reseach data from the data collected by the World Bank to analyze samples in 30 countries during the period (1999-2014). Table of data regression results table (Pooled, FEM and REM) show that HDI has a positive impact on economic growth of countries. Based on the study results, the recommendations are proposed in order to promote stability growth in countries and to ensure the harmony economic growth between and the goals of social development.