The impacts of Human Development Index (HDI) and capital expenditure on economic growth in regencies/cities of north Sulawesi from 2012-2021

Rahmad Abdullah *, Fachrudin Zain Olilingo and Muhammad Amir Arham

Pascasarjana Universitas, Negeri Gorontalo, Sulawesi, Indonesia.
 
Review
International Journal of Science and Research Archive, 2023, 08(01), 150-156.
Article DOI: 10.30574/ijsra.2023.8.1.0324
Publication history: 
Received on 11 November 2022; revised on 24 December 2022; accepted on 27 December 2022
 
Abstract: 
The research affords an analysis of the impacts of human development index (HDI) and capital expenditure on economic growth in regencies/cities of North Sulawesi from 2012-2021. The secondary data sources covered 10-year data. We used a double linear regression using EViews. The results demonstrated that
·         Human development index (HDI) positively and significantly affected economic growth in districts/cities of North Sulawesi from 2012-2021,
·         Capital expenditure positively and significantly affected economic growth in regencies/cities of North Sulawesi from 2012-2021,
·         Human development index (HDI) and capital expenditure simultaneously and significantly affected economic growth in regencies/cities of North Sulawesi from 2012-2021 at a coefficient of determination of 47.27%.
Other variables unexamined here, i.e., natural resources, human resources, accumulated capital, managerial labor, production organization, science, technology, government political and administrative factors, and socio-cultural aspects, explicated economic growth by 52.73%.
 
Keywords: 
Economic Growth; HDI; Capital Expenditure; Indonesia
 
Full text article in PDF: 
 
Copyright information: 

Copyright © 2023 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0