Assessing the Determinants of the Human Development Index in Oil-Dependent Nations

Authors

Adrian Fossaceca, University of FloridaFollow

Abstract

Numerous rentier states from around the world derive all or a fundamental portion of their national revenues from the rent of natural resources. These revenues are essential for the policy-making strategies pertaining to social welfare programs and for the funding of development projects within the country. In order to determine the effectiveness of rentier states in terms of development promotion, this paper will utilize the Human Development Index (HDI) as a proxy variable for development levels. Regression analysis indicates that a substantial proportion of the variation of the Human Development Index in oil-dependent economies can be explained by the adolescent fertility rate, the value added of different economic sectors, the effectiveness of governments in terms of policy formulation and implementation, and the levels of gender inequality.

Recommended Citation

Fossaceca, Adrian (2019) "Assessing the Determinants of the Human Development Index in Oil-Dependent Nations," Undergraduate Economic Review: Vol. 16: Iss. 1, Article 19.
Available at: https://digitalcommons.iwu.edu/uer/vol16/iss1/19