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Determinant Factors of Human Development and Its Impact on Level of Productivity in ASEAN Countries

In: Proceedings of the International Conference on Sustainable Collaboration in Business, Technology, Information, and Innovation (SCBTII 2023)

Author

Listed:
  • Suhendi Ery Saputro

    (Universitas Trisakti, Public Policy Studies)

  • Muhammad Zilal Hamzah

    (Universitas Trisakti, Public Policy Studies)

  • Budi Santosa

    (Universitas Trisakti, Public Policy Studies)

Abstract

In ASEAN countries, human development and level of productivity are still diverse where several countries have achieved higher level of development while the others are still in the middle and low. Human development has three main aspects namely education, health, and the economy and therefore needs a holistic view including the aspect of economy, politics, and policy support. This study examines the influence of determinant factors of human development that includes the aspect of economy, politics, and public policies, and how human development influence productivity. This study uses data of ASEAN countries from 2002 to 2019 and utilizes panel regression method. The results show that foreign direct investment, industry, index of political stability and absence of violence/terrorism, voice and accountability index, health spending, education policy, and health policy have a significant and positive effect on the HDI. On the other hand, the index of maintained debt has a negative and significant effect on the HDI. This study also found that HDI has a positive and significant influence on the level of productivity. The results of this study can serve as a basis for consideration in improving human development and productivity particularly by maintaining economic and political stability and strengthening public policy support.

Suggested Citation

  • Suhendi Ery Saputro & Muhammad Zilal Hamzah & Budi Santosa, 2023. "Determinant Factors of Human Development and Its Impact on Level of Productivity in ASEAN Countries," Advances in Economics, Business and Management Research, in: Suhal Kusairi & Forget Mingiri Kapingura & Ratih Hendayani & Nizam Ahmat (ed.), Proceedings of the International Conference on Sustainable Collaboration in Business, Technology, Information, and Innovation (SCBTII 2023), pages 312-332, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-292-7_20
    DOI: 10.2991/978-94-6463-292-7_20
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