THE EFFECT OF OIL PRODUCTION ON HUMAN DEVELOPMENT INDEX IN OIC MEMBER COUNTRIES

ABSTRAK

Tujuan dari penelitian ini adalah untuk mengetahui terkait pengaruh volume produksi minyak, harga minyak dunia, PDB, inflasi, dan jumlah penduduk terhadap IPM di negara anggota OKI pada tahun 2008-2017. Regresi data panel dengan model fixed effect adalah metode yang digunakan untuk menyelidiki hubungan antara variabel bebas dan variabel terikat sebagian atau seluruhnya di waktu yang sama.. Hasil yang ditemukan menunjukkan bahwa volume produksi minyak dan harga minyak dunia berpengaruh negatif dan signifikan terhadap IPM. PDB menunjukkan pengaruh positif dan signifikan terhadap IPM. Sedangkan, inflasi dan jumlah penduduk berpengaruh positif dan tidak signifikan terhadap IPM. Hasil ini dapat menjadi informasi dan pertimbangan bagi pemerintah serta otoritas terkait dalam pengambilan kebijakan dalam memperbaiki dan meningkatkan pembangunan manusia pada  masing-masing Negara-negara anggota OKI.

Kata Kunci: Produksi Minyak, Harga Minyak Dunia, Indeks Pembangunan Manusia, Negara Anggota OKI.

ABSTRACT

The purpose of this study is to find out what impact of oil production volume , world oil price, GDP, inflation, and population. Panel data regression with Fixed Effect Model is the approach used (FEM) to investigate the relationship between independent variables and the dependent variable in part or all at the same time. The findings show that oil production volume and world oil prices have a negative and signficant impact on HDI. GDP shows a positive and significant impact on HDI. Meanwhile, inflation and population have a positive and insignificant impact on HDI. These results can be used as information and considerations for the government and related authorities in policymaking in improving and increasing human development in each OIC member countries.

Keywords: Oil Production, World Oil Price, Human Development Index, OIC Countries.

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