Building Human Capital for Sustainable Development: Experience from Some East Asian Countries and Policy Implications for Vietnam

Regional economic integration is the key to achieving prosperity and stability. However, intra-regional trade in South Asia accounts for not more than 5%–6% of their total trade. This study aims to examine the role played by regional economic integration in determining the economic growth of South Asian countries over the period 1980–2015. Since shocks in one country may affect another country in the region, this is taken into account in the article by employing methodologies that are robust to cross sectional dependence. Specifically, continuously-updated and bias-corrected (CupBC) of Bai et al. (2009) and Dumitrescu–Hurlin panel causality test (2012) have been employed to estimate long-run coefficients and determine the direction of relationship among the variables, respectively. The findings suggest that economic integration increases economic growth significantly in this region. However, contrary to popular belief, both democracy and human capital are negatively related to economic growth. Bidirectional causality is found between economic integration and democracy, regional integration and human capital, democracy and human capital and, democracy and labor. This study also presents several policy implications for South Asian countries.

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Sustainable Development in Four East Asian Countries' Agricultural Sectors Post-World War II: Measuring Nutrient Balance and Estimating the Environmental Kuznets Curve

Asia & the Pacific Policy Studies ◽

10.1002/app5.198 ◽

2017 ◽

Vol 4 (3) ◽

pp. 467-483

Author(s):

Shota Moriwaki

Keyword(s):

Sustainable Development ◽

World War Ii ◽

Environmental Kuznets Curve ◽

East Asian ◽

Nutrient Balance ◽

Kuznets Curve ◽

Asian Countries ◽

World War ◽

Post World War Ii

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Civil society in East Asian countries: contributions to democracy, peace and sustainable development: proceedings of the conference

10.7220/978-6094673252 ◽

2018 ◽

Author(s):

Linas Didvalis

Keyword(s):

Sustainable Development ◽

Civil Society ◽

East Asian ◽

Asian Countries

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A SURVEY ON THE RELATIONSHIP BETWEEN EDUCATION AND GROWTH WITH IMPLICATIONS FOR DEVELOPING ASIA

Journal of International Commerce Economics and Policy ◽

10.1142/s1793993313500051 ◽

2013 ◽

Vol 04 (01) ◽

pp. 1350005 ◽

Cited By ~ 1

Author(s):

YONG JIN KIM ◽

AKIKO TERADA-HAGIWARA

Keyword(s):

Human Capital ◽

Empirical Studies ◽

Learning By Doing ◽

Policy Implications ◽

Asian Countries ◽

Skill Mismatch ◽

Technology Skill ◽

Key Features ◽

Specific Human Capital ◽

The Relationship

This paper surveys the empirical and theoretical link between education and growth in the growth process of Asian countries. Particular attention is paid to the link between education and productivity, and to models that characterize key features of growth processes of Asian countries. Empirical studies show that these key features include: risk of falling into poverty traps, focussing more on technology adoption rather than creation, and possible technology–skill mismatch. The surveyed studies provide policy implications for each of these features. For instance, to avoid the poverty trap and for efficient adoption of technologies, accumulation of human capital — specifically general human capital — and width of human capital are crucial. To avoid the technology–skill mismatch, the speed of technology upgrading should be appropriate to take full advantage of learning-by-doing and the earning potential of the current stock of specific human capital.

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