Financial development and regional human development: does capital expenditure matter?

Grahita Chandrarin, Anwar Sanusi, Elfiatur Roikhah, Dani Yuniawan and Diyah Sukanti Cahyaningsih

International Journal of Trade and Global Markets, 2022, vol. 15, issue 3, 294-312

Abstract: This paper examines the impact of financing decision (FD) and financial inclusion (FI) on the human development index (HDI). Capital expenditure (CE) as a contingency factor that can improve the impact of financing decisions on HDI. Small and medium-size enterprises financing (SMEs F) and income equality (IE), both are used as control variables. Panel data is consist of all province in Indonesia for seven years since issued government's regulation regarding sustainable development. Data were analysed by moderated regression analysis. The result of this study stated that the impact of FD and FI on HDI is statistically significant. Capital expenditures can be strengthening the impact of financing decisions on HDI.

Keywords: HDI; human development index; financing decision; capital expenditures; financial inclusion; SME financing; income equality. (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=124096 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijtrgm:v:15:y:2022:i:3:p:294-312

Access Statistics for this article

More articles in International Journal of Trade and Global Markets from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().