International Journal of Social Science & Economic Research
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Title:
ECONOMIC GROWTH, HUMAN DEVELOPMENT AND GLOBAL COMPETITIVENSS

Authors:
Muchdie

Abstract:
This paper analysis direct and indirect impact of economic growth on global competitiveness, with human development as moderator variable. Cross-section data on economic growth, human development and global competitiveness indices were collected from 123 countries and employed in a path analysis model. The results show that economic growth had positive and significant direct impact on global competitiveness. Economic growth had negative and significant direct impact on human development. Meanwhile, human development had positive and significant direct impact on global competitiveness. Indirectly, through moderator variable human development, economic growth had negative and significant impact on global competitiveness. Implications of this finding were that economic growth no longer a single important factor in development indicator for achieving global competitiveness. It is then suggested that human development sustainably be promoted in order to make nations globally competitive.

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