Economic Growth and Human Development

2019 ◽  
pp. 121-151
Author(s):  
K. Seeta Prabhu ◽  
Sandhya S. Iyer
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
The Past ◽  
Development Processes ◽  
Development Outcomes ◽  
And Migration ◽  
The Relationship

Unravelling the linkages between economic growth and human development has assumed urgency in the current era where development processes no longer follow historical patterns. This chapter juxtaposes the relationship between them in the light of the globalization process and the varying outcomes of human development across countries. The analysis of linkages between GDP and HDI over the past three decades across countries shows that the process is extremely dynamic in nature and that human development outcomes do not follow a defined trajectory. This is particularly evident in the analysis of backlogs in human progress, where we find the dominance of joblessness, impoverishment, displacement, and migration. The chapter concludes that economic growth and human development cannot be viewed as disconnected processes as they influence each other in multiple ways.

The Relationship between Human Development and Economic Growth

2018 ◽  
Author(s):  
Frances Stewart ◽  
Gustav Ranis ◽  
Emma Samman
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Human Development Index ◽  
Econometric Analysis ◽  
Complementary Relationship ◽  
Development Index ◽  
The Relationship ◽  
Intervening Variables

This chapter explores the interactions between economic growth and human development, as measured by the Human Development Index, theoretically and empirically. Drawing on many studies it explores the links in two chains, from economic growth to human development, and from human development to growth. Econometric analysis establishes strong links between economic growth and human development, and intervening variables influencing the strength of the chains. Because of the complementary relationship, putting emphasis on economic growth alone is not a long-term viable strategy, as growth is likely to be impeded by failure on human development. The chapter classifies country performance in four ways: virtuous cycles where both growth and human development are successful; vicious cycles where both are weak; and lopsided ones where the economy is strong but human development is weak, or conversely ones where human development is strong but the economy is weak.

The Dragon's Footprints

2019 ◽  
pp. 260-273
Author(s):  
Mona Chung ◽  
Bruno Mascitelli
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Fast Moving ◽  
Policy Makers ◽  
Chinese Investment ◽  
The Past ◽  
Chinese Migration ◽  
And Migration ◽  
Relationship Of ◽  
The Relationship

This chapter examines Chinese migration and investment into Europe and explores models of migration and investment by identifying the gap between the two. The chapter highlights the major characteristics of Chinese investment and migration into Europe by identifying and separating the investment from Chinese state-owned enterprises (SOEs) and that of private individuals. This triangulation provides scholars and policy makers with a unique scenario. The migration and investment literature has been conducted as two separate and parallel topics. A small number of studies investigate the relationship of the two as one inter-connected relationship. There is even less focus on Chinese migration and investment due to the fact that over the past decade it has been a fast-moving phenomenon because of the speed of Chinese economic development. In addition, China's different political and economic system and its unique state structure adds another layer of complexity for scholars.

scholarly journals Can Reducing Income Inequality Decouple Economic Growth from CO2 Emissions?

2018 ◽  
Vol 4 ◽  
pp. 237802311877271 ◽  
Author(s):  
Julius Alexander McGee ◽  
Patrick Trent Greiner
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
National Income ◽  
Recent Period ◽  
The Past ◽  
Socioeconomic Drivers ◽  
Advance Research ◽  
Developed Nations ◽  
The Relationship ◽  
Distribution Of Income

In the past two decades, income inequality has steadily increased in most developed nations. During this same period, the growth rate of CO2 emissions has declined in many developed nations, cumulating to a recent period of decoupling between economic growth and CO2 emissions. The aim of the present study is to advance research on socioeconomic drivers of CO2 emissions by assessing how the distribution of income affects the relationship between economic growth and CO2 emissions. The authors find that from 1985 to 2011, rising income inequality leads to a tighter coupling between economic growth and CO2 emissions in developed nations. Additionally, the authors find that increases in the top 20 percent of income earners’ share of national income have resulted in a larger association between economic growth and CO2 emissions, while increases in the bottom 20 percent of income earners’ share of national income reduced the association between economic growth and CO2 emissions.

scholarly journals Institutions for getting out of the way

2015 ◽  
Vol 12 (1) ◽  
pp. 53-61 ◽  
Author(s):  
RICHARD N. LANGLOIS
Keyword(s):  
Economic Growth ◽  
Commercial Activity ◽  
Proximate Cause ◽  
The Past ◽  
The World ◽  
The Relationship ◽  
The Way ◽  
Deirdre Mccloskey

AbstractIn ‘Max U versus Humanomics: a Critique of Neoinstitutionalism’, Deirdre McCloskey tells us that culture matters – maybe more than do institutions – in explaining the Great Enrichment that some parts of the world have enjoyed over the past 200 years. But it is entrepreneurship, not culture or institutions, that is the proximate cause of economic growth. Entrepreneurship is not a hothouse flower that blooms only in a culture supportive of commercial activity; it is more like kudzu, which grows invasively unless it is cut back by culture and institutions. McCloskey needs to tell us more about the structure of the relationship among culture, institutions, and entrepreneurship, and thus to continue the grand project begun by Schumpeter.

Technological Innovation in China's Recent Industrialization

1984 ◽  
Vol 97 ◽  
pp. 1-23 ◽  
Author(s):  
Richard Conroy
Keyword(s):  
Economic Growth ◽  
Causal Relation ◽  
Technological Development ◽  
Technological Innovations ◽  
The Past ◽  
Research Activities ◽  
Rapid Economic Growth ◽  
Manufactured Products ◽  
The Relationship ◽  
Scientific And Technological Development

The intimate, though as yet imperfectly understood, causal relation-ship between scientific and technological development and the economic growth in industrially advanced countries over the past 30 years has been investigated and refined over a number of years, and attempts have been made to quantify the relationship. Although a strong scientific and technological (S & T) base does not by itself guarantee rapid economic growth, most observers consider it to be a necessary prerequisite, after a certain level of development has been reached. One of the main ways that S & T act on the economic system is by the generation of new knowledge through research activities and the application of this in production. Such application often results in new products and processes which are grouped under the term “technological innovations.” The innovation process is usually defined as “the technical, industrial and commercial steps which lead to the successful marketing of new manufactured products and/or to the commercial use of technically new processes or equipment.”

scholarly journals Human Development, Political Stability and Economic Growth: The way forward

2020 ◽  
Vol 6 (2) ◽  
pp. 451-461
Author(s):  
Areeba Khan ◽  
Sulaman Hafeez Siddiqui ◽  
Shahid Hussain Bukhari ◽  
Syed Muhammad Hashim Iqbal
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Growth Models ◽  
Political Stability ◽  
Reverse Causality ◽  
Economic Stability ◽  
The Relationship ◽  
Endogenous Growth Models ◽  
Reallocation Of Resources

Economic growth has been known to foster human development for long term economic stability. The evidence of bi-causality in the human development and economic growth nexus is however limited. This paper builds on the reverse causality between human development and economic growth in context of Pakistan, with the moderating impact of political stability. The study applies OLS and VECM on the data collected from World Bank Database from year 2006 to 2018. Our findings exhibit empirical evidence related to endogenous growth models and a significant causal relationship between human development and economic growth, moderated by political stability. The relationship is further explained by trajectories of happiness, health and income redistribution. Our findings suggest efficient reallocation of resources towards human development to address post pandemic growth concerns.

scholarly journals Spurring Economic Growth in Terms of Happiness, Human Development, Competitiveness and Global Innovation: the ASEAN Case

2021 ◽  
Vol 38 (1) ◽  
Author(s):  
Dio Caisar Darma Darma
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Cross Sections ◽  
Linear Regression Method ◽  
Economic Activities ◽  
Asean Member ◽  
Global Innovation ◽  
Sustainable Economic Growth ◽  
The Relationship

Happiness, human development, level of competitiveness, and capacity in innovation all play an important role in spurring long-term sustainable economic growth. This study presents the relationship between these factors—happiness, human development, competitiveness, and innovation in the ASEAN region—in how they influence economic growth. To date, there has been a lack of research on this specific issue, and thus it is an interesting and little-known one to study. Panel data were used comprising a combination of time series and cross-sections. The object of the study was ASEAN member countries using the multiple linear regression method. For the years of 2013–2019, we found that overall economic growth had a real impact. The results showed that human development and global innovation are two-way related to economic growth (positive and significant). Conversely, there was an insignificant influence of happiness and competitiveness on economic growth. Competitiveness, in particular, can reduce the level of economic growth. The policy considerations pursued by countries in ASEAN are through the respective governments’ strategic steps to improve the productivity of their populations, because human resources are needed not only as objects but actors in economic activities themselves in managing development.

scholarly journals The Relationship Between Human Development, Tourism and Economic Growth: Evidence From Malaysia

2019 ◽  
Vol 10 (5) ◽  
pp. 96
Author(s):  
Yan-Teng Tan ◽  
Pei-Tha Gan ◽  
Mohd Yahya Mohd Hussin ◽  
Norimah Ramli
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Empirical Studies ◽  
Well Being ◽  
Policy Makers ◽  
Remarkable Feature ◽  
Long Run ◽  
The Social ◽  
Social And Cultural Factors ◽  
The Relationship

A remarkable feature of empirical studies is that not many research works investigate the relation between human development and tourism. Although gross domestic product may replace human development to measure economy progress and human well-being in relation to tourism, however, this definition, is narrow, limits to economic side, and ignores the social and cultural factors. To overcome this shortcoming, this study examines the relationship between human development, tourism and economic growth in Malaysia. By using different cointegration approaches, the results indicate that tourism is positively related to human development in the long run. The finding suggests that the known relationship may serve as a guide to policy makers to achieve better development of social and cultural in order to promote the growth.

Growth and Institutional Change: The Influence of the Spanish Regionalisation Process on Economic Performance

1996 ◽  
Vol 14 (1) ◽  
pp. 71-87 ◽  
Author(s):  
A Rodríguez-Pose
Keyword(s):  
Economic Growth ◽  
Institutional Change ◽  
Economic Performance ◽  
Western Europe ◽  
Positive Influence ◽  
Relative Growth ◽  
Beneficial Effects ◽  
The Past ◽  
The Impact ◽  
The Relationship

The relationship between institutional change and economic growth has been attracting great attention in recent years. However, despite some notable exceptions, researchers have been wary to approach this topic empirically. This paper represents an empirical attempt to try to unravel the impact on economic performance of what has been one of the most significant processes of institutional change in Western Europe in the past few decades—the regionalisation process—by taking the case of Spain, one of the countries where the shift from a highly centralised to a decentralised structure has been most profound. Results show that, at least in the early stages, the emergence of the Spanish regional state has had slightly beneficial effects on the relative growth performance of regions achieving the greatest level of autonomy when compared with their growth rates in the high point of Spanish centralism. Nevertheless, it is still too early to assert whether this positive influence will be a long-lasting one or can be attributed mainly to the dynamics of institutional change and, thus, will wane with time.

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