Abstract:

In today’s economies, with the concept of development, emphasis is placed on the concept of human development, which expands the preferences of individuals rather than increased national income, and includes the improvement of their welfare and living standards. The human development level in a country is measured with the Human Development Index. Countries are divided into four groups according to the Human Development Index value as countries with low, medium, high and very high human development levels. Sustainable economic growth is one of the primary objectives of all countries at low, medium, high and very high development levels. However, factors affecting economic growth may differ between countries. In this study, the variables affecting economic growth were involved in the analysis, including countries with different human development levels. In the analysis, four countries were selected randomly from  each group with different levels of development and sixteen countries were selected in total. The effects of population, inflation, trade volume and unemployment variables on the economic growth of the selected countries were realized using the data of 2005-2017 years with the Panel Data Analysis Method. In the analysis results, it was concluded that all variables affect economic growth positively, regardless of the human development levels of the countries.

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