The impacts of Human Development Index (HDI) and capital expenditure on economic growth in regencies/cities of north Sulawesi from 2012-2021

Abstract

The research affords an analysis of the impacts of human development index (HDI) and capital expenditure on economic growth in regencies/cities of North Sulawesi from 2012-2021. The secondary data sources covered 10-year data. We used a double linear regression using EViews. The results demonstrated that · Human development index (HDI) positively and significantly affected economic growth in districts/cities of North Sulawesi from 2012-2021, · Capital expenditure positively and significantly affected economic growth in regencies/cities of North Sulawesi from 2012-2021, · Human development index (HDI) and capital expenditure simultaneously and significantly affected economic growth in regencies/cities of North Sulawesi from 2012-2021 at a coefficient of determination of 47.27%. Other variables unexamined here, i.e., natural resources, human resources, accumulated capital, managerial labor, production organization, science, technology, government political and administrative factors, and socio-cultural aspects, explicated economic growth by 52.73%.