The Effect of Poverty, Income Inequality, Unemployment, and Education on Economic Growth in D8 OIC Countries: A Study of the Kuznets Curve Analysis

Abstract

The Group of Eight Developing Countries (D-8) of the OIC was established through the Istanbul Declaration, which was agreed upon at the First D-8 Summit. The establishment of D-8 aims for peace, dialogue, cooperation, justice, equality, and democracy.  D-8 together has a vision and mission of gathering strength and economic growth. The purpose of this study is to answer the research questions, namely: To test and analyze the influence of poverty on economic growth in D-8 OIC countries. This study was conducted to measure the impact of poverty, income inequality, unemployment, and education on economic growth in the D8 OIC countries (study of the Kuznets Curve Analysis). The research method used was quantitative-descriptive, adopting Ordinary Least Squares (OLS); the data used were from countries that joined the D-8 OIC from 2005 to 2018. The results showed that economic growth in the D8 OIC countries can be affected by poverty, income inequality, unemployment, and education.