Financial Indicators as Predictors of UNDP’s Human Development Index (HDI): A Literature Review
DOI:
https://doi.org/10.7719/jpair.v52i1.622Keywords:
Financial Indicators, financial indices, World Bank, UNDP, human development indexAbstract
This paper presents a novel reinforcement of financial indicators as predictors of UNDP’s Human Development Index (HDI). The review focused on the roles of each financial index as a mediator of a positive relationship between the World Bank’s financial indicators and HDI. The literature review focused on how each financial indicator affects human development, whether the indicators significantly predict global HDI, and whether there was a significant relationship between the financial indicators and the 69 countries’ HDI. The study used content analysis of scientific sources generated through Google Bard, ChatGPT, and the Consensus app. The sources and references came from research databases such as Google Scholar, Scopus, Clarivate Analytics, and DOAJ. Results showed a significant correlation between financial indicators and human development. The study concluded that financial indices such as financial development, inclusion, and financial sustainability were significant predictors of human development.
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Alshubiri, F. N. (2021). Analysis of financial sustainability indicators of higher education institutions on foreign direct investment: Empirical evidence in OECD countries. International Journal of Sustainability in Higher Education, 22(1), 77-99.
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Copyright (c) 2023 Christina Patricia T. Delgado, Genaro V. Japos
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Open Access. This article published by JPAIR Multidisciplinary Research is licensed under a Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0). You are free to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material). Under the following terms, you must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes.
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