Economic and Environmental Determinants of Human Development
A Panel Data Analysis of the 30 Largest Economies from 1992 to 2022
DOI:
https://doi.org/10.17271/1980082721220256158Keywords:
Human Development, Economic Sustainability, Environmental Conservation, Sustainable Agriculture, Panel DataAbstract
Objective: This study aims to analyze the economic and environmental determinants of human development in the world’s largest economies between 1992 and 2022, exploring the factors influencing the Human Development Index (HDI).
Methodology: The research employs a panel data model, using HDI as the dependent variable and independent variables such as GDP per capita, agricultural machinery, agricultural productivity, environmental conservation (forest area), among others.
Originality/relevance: This study addresses a theoretical gap by integrating economic and environmental factors into a comprehensive analysis of human development, highlighting the interplay between sustainability and economic growth.
Results: The findings reveal that GDP per capita, agricultural machinery use, agricultural productivity, environmental conservation, and rural electricity access positively impact HDI. Conversely, intensive and unsustainable agricultural practices, such as excessive fertilizer use and high potable water withdrawal, negatively affect human development.
Theoretical/methodological contributions: This research strengthens theories advocating for sustainable agricultural practices and basic infrastructure as key determinants of human development.
Social and environmental contributions: The findings underscore the importance of public policies balancing economic growth and environmental sustainability to achieve equitable human development.
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