Impact of macroeconomic variables on the Human Development Index: the case of Chile, Peru, Colombia and Venezuela
Date Issued
2024
Author(s)
Urbina
PB Martínez
AC Larre
DOI
10.32457/riem1.2672
Abstract
The objective of this research is to determine the relationship between the Human Development Index (HDI) and various macroeconomic variables for the countries of Chile, Colombia, Peru, and Venezuela during the period 2000-2022. In a first stage, an ANOVA analysis was applied, in order to contrast whether there is a significant difference between the average HDI values in the four countries. Subsequently, an econometric model was estimated. It is concluded that GDP per capita has a positive effect on the HDI, while the unemployment rate and the poverty rate have an inverse relationship. The results can guide public and private institutions in promoting and implementing economic policies to reduce poverty and increase employment. C1 [Urbina, Planck Barahona; Larre, Hernan Pape] Univ Atacama, Copiapo, Chile. [Martinez, Alejandro Casino] Univ Valencia, Valencia, Spain. C3 Universidad de Atacama; University of Valencia


