QUALITY OF HUMAN DEVELOPMENT INDEX (HDI) IN MUSLIM COUNTRIES (CASE STUDY OF OIC MEMBERS)

MUHAMMAD GHAFUR WIBOWO

Abstract


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.


Keywords


HDI, Muslim countries, OIC Member Countries

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DOI: http://dx.doi.org/10.15548/jebi.v4i1.204

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