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An analysis of Human Development Index and Economic Growth. A Case Study of Pakistan

Author

Listed:
  • Muhammad Taqi

    (M Phil Economics, School of Economics, Bahauddin Zakaryia University, Multan, Pakistan)

  • Muhammad Sibt e Ali

    (School of Business, Zhengzhou University, Henan China)

  • Sabiha Parveen

    (The Women University Multan, Pakistan)

  • Mehtab Babar

    (Institute of Southern Punjab, Multan, Pakistan)

  • Inam Makki Khan

    (Department of Business Administration, National University of Modern Language, Islamabad, Pakistan)

Abstract

Economic growth is an important factor in the economic development of a country. There are some factors that can favor economic growth, namely human development. The level of human development in a country is reflected in the value of the Human Development Index (HDI). The growth rate of a country is measured by the value of its Gross Domestic Product (GDP) per capita. The influence of human power resources is shown in the value of HDI, which is able to influence the level of economic growth in the value of its GDP. This study examines the effect of HDI on economic growth in Pakistan during the period 1980–2018, measuring its economic growth in its GDP per capita. The result of this research indicated that each country had a strong and significant correlation between HDI and GDP. It is concluded that the level of HDI can affect the GDP per capita. On the one hand, rising levels of human development open up new avenues for economic growth. The causal relationship between economic growth and human development has become a mutually influential relationship. So, it is clear that human development in the country relates to the influence of economic growth, which is seen in per capita income (GDP per capita), which can be an indicator of welfare in the country.

Suggested Citation

  • Muhammad Taqi & Muhammad Sibt e Ali & Sabiha Parveen & Mehtab Babar & Inam Makki Khan, 2021. "An analysis of Human Development Index and Economic Growth. A Case Study of Pakistan," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 3(3), pages 261-271, December.
    • Handle: RePEc:ani:irdjoe:v:3:y:2021:i:3:p:261-271
    DOI: 10.52131/joe.2021.0303.0042
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    References listed on IDEAS

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    Cited by:

    1. Ahmad Saad Gillani & Durdana Qaiser Gillani, 2023. "Sector Specific Aid Inflow, Institutional Quality and Human Development in Selected Developing Countries," Journal of Economic Impact, Science Impact Publishers, vol. 5(1), pages 64-68.

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