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QUALITY OF HUMAN DEVELOPMENT INDEX (HDI) IN MUSLIM COUNTRIES (CASE STUDY OF OIC MEMBERS)
Author(s) -
Muhammad Ghafur Wibowo
Publication year - 2019
Publication title -
jebi (jurnal ekonomi dan bisnis islam)
Language(s) - English
Resource type - Journals
eISSN - 2528-4274
pISSN - 2528-4266
DOI - 10.15548/jebi.v4i1.204
Subject(s) - human development index , panel data , government (linguistics) , index (typography) , foreign direct investment , population , quality (philosophy) , business , developing country , economics , variables , human development (humanity) , development economics , economic growth , econometrics , macroeconomics , demography , statistics , linguistics , philosophy , epistemology , sociology , world wide web , computer science , mathematics
This study analyzes factors or variables that effectof human development index (HDI) in Muslimcountries, a case study of the Organization of Islamic Cooperation (OIC) member countries. The data of 33 selected OIC member countries from 2007-2016 were analyzed using panel data regression analysis. The entire models show the significant influence of some independent variables to the level of HDI in Muslim countries. However, a variable number of the population contributes positively to HDI in all models. Unfortunately, foreign direct investment (FDI) does not add to the increasingof HDI; this is the biggest challenge faced by the government in various Muslim countries. While government fiscal policy reflected in government spending (G) contributes positively to HDI in OIC member countries.

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