Determinants of Human Development Index (HDI): A Regression Analysis of Economic and Social Indicators

Authors

• Kuldeep Singh, Arkansas Tech UniversityFollow
• Sumanth Cheemalapati, Dakota State University
• Srikanth Reddy RamiReddy, University of Southern Mississippi
• George Kurian, Eastern New Mexico University
• Prathamesh Muzumdar, University of Texas at Arlington
• Apoorva Muley, People's University

Document Type

Article

Publication Date

3-2025

Department

School of Business

Abstract

This study aims to investigate the factors influencing the Human Development Index (HDI). Five variables—GDP per capita, health expenditure, education expenditure, infant mortality rate (per 1,000 live births), and average years of schooling—were analyzed to develop a regression model assessing their impact on HDI. The results indicate that GDP per capita, infant mortality rate, and average years of schooling are significant predictors of HDI. Specifically, the study finds a positive relationship between GDP per capita and average years of schooling with HDI, while infant mortality rate is negatively associated with HDI.

DOI

https://doi.org/10.9734/ajeba/2025/v25i11630

First Page

26

Last Page

34

Volume

25

Issue

1

ISSN

2456639X

Comments

This is an open-access article.

Original Citation: 

Singh, K., Cheemalapati, S., RamiReddy, S. R., Kurian, G., Muzumdar, P., & Muley, A. (2025). Determinants of Human Development Index (HDI): A Regression Analysis of Economic and Social Indicators. Asian Journal of Economics, Business and Accounting, 25(1), 26–34. https://doi.org/10.9734/ajeba/2025/v25i11630

Recommended Citation

Singh, Kuldeep; Cheemalapati, Sumanth; RamiReddy, Srikanth Reddy; Kurian, George; Muzumdar, Prathamesh; and Muley, Apoorva, "Determinants of Human Development Index (HDI): A Regression Analysis of Economic and Social Indicators" (2025). Faculty Publications - The LeMoyne Smith School of Business. 224.
https://orc.library.atu.edu/faculty_pub_bus/224