Human Development Index (HDI) as a Significant Predictors of Gross Domestic Product
DOI:
https://doi.org/10.61569/8nwvxt58Keywords:
Gross Domestic Product (GDP), Human Development Index (HDI), Correlation, RegressionAbstract
The economists develop the Human Development Index that quantifies health, education and wealth since the Gross Domestic Product represents only the economic growth of the country. This paper attempted to analyze the relationship exists between the GDP per capita and HDI in the Philippines using the Pearson-r Correlation Coefficient and Linear Regression was utilized to understand at what degree and extent the HDI has influenced the GDP. The results showed that there was a very high positive correlation between the GDP and HDI in the Philippines at 1% level of significance. The HDI has a significant effect on the country’s GDP.
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