Comparative Analysis of Human Development and Life expectancy Effect on Economic Growth in Developed and Developing Countries

Regarding the Human Development Index, the three important aspects of the development indicators including education, health and living standards are evaluated based upon of four sub-index in this paper consolidated data, regression ordinary least squares (OLS) and the use of random effects are used effect of Human Development Index and life expectancy on economic growth for the period 2008-2011 for more than 150 country including developed and developing countries in three model developed countries, transitional courtiers and least developed countries were studied. Results of survey of economic growth equation by using consolidated data are explanatory that, Human Development Index and life expectancy in the first model have positive effect on economic growth, in second model, HDI has not significant impact and in the third model also two index have a significant positive impact. Research results of Lamar, Fisher and Houseman's tests also show accuracy and explanatory power of the applied model. The comparative analysis shows changes in the human development index and life expectancy in developing countries, has a Powerful in explanation of economic growth in these countries.