scholarly journals Pakistan’s Ranking in Social Development: Have We Always Been Backward?

1999 ◽  
Vol 38 (4II) ◽  
pp. 739-754 ◽  
Author(s):  
Aisha Ghaus-Pasha ◽  
Naeem Ahmed
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Social Development ◽  
Human Development ◽  
Significant Contribution ◽  
Social Indicators ◽  
Living Conditions ◽  
Social Progress ◽  
Public And Private ◽  
Per Capita

Consensus is emerging between development thinkers and practitioners that social progress is a necessary pre-condition for sustained economic growth. Social development leads to higher levels of literacy, better health standards and overall improvement in the society’s living conditions. In fact, empirical evidence suggests that there is a two-way relationship between economic growth and social development [Ghaus-Pasha et al. (1998)]. Economic growth leads to higher revenues for government and higher per capita income, encouraging both public and private spendings on human development. Improvements in social indicators feedback as higher economic growth through enhanced productivity for labour and capital. In other words, well-developed human capital makes a significant contribution to economic growth which, in turn, offers improved welfare and better living conditions.

scholarly journals Regional Disparities in Social Development: Evidence from States and Union Territories of India

2019 ◽  
Vol 26 (1) ◽  
pp. 1-27 ◽  
Author(s):  
Naresh Kumar ◽  
Ritu Rani
Keyword(s):  
Social Development ◽  
Human Development ◽  
Human Development Index ◽  
Social Indicators ◽  
Regional Disparities ◽  
District Level ◽  
Social Progress ◽  
Development Index

The present study examines the regional disparities in social development in India by using social development index (SDI). The study used census-based data of 2011 including 28 states and seven union territories (UTs) of India. The study ends by ranking of states and UTs on the basis of development index consisting of 12 social indicators. This article also compares selected states on the basis of human development index (1981, 1991 and 2001) and SDI (2011) values. In addition, the study finds district-level SDI and ranks the districts of selected states, that is, Kerala, Haryana and Bihar. The findings of the study confirmed the northern–southern social development divide in India. The empirical findings show that Kerala is the best state among all states in India in terms of social progress. Results of the study confirmed huge disparities at district and states/UTs level in India.

scholarly journals Examining GDP Growth and Its Volatility: An Episodic Approach

Entropy ◽  
2021 ◽  
Vol 23 (7) ◽  
pp. 890
Author(s):  
Jakub Bartak ◽  
Łukasz Jabłoński ◽  
Agnieszka Jastrzębska
Keyword(s):  
Economic Growth ◽  
Genetic Algorithm ◽  
Time Series ◽  
Human Capital ◽  
Growth Rates ◽  
Structural Breaks ◽  
Negative Relationship ◽  
Gdp Per Capita ◽  
Gdp Growth ◽  
Per Capita

In this paper, we study economic growth and its volatility from an episodic perspective. We first demonstrate the ability of the genetic algorithm to detect shifts in the volatility and levels of a given time series. Having shown that it works well, we then use it to detect structural breaks that segment the GDP per capita time series into episodes characterized by different means and volatility of growth rates. We further investigate whether a volatile economy is likely to grow more slowly and analyze the determinants of high/low growth with high/low volatility patterns. The main results indicate a negative relationship between volatility and growth. Moreover, the results suggest that international trade simultaneously promotes growth and increases volatility, human capital promotes growth and stability, and financial development reduces volatility and negatively correlates with growth.

Public Financing of Human Development in India: A Review

2021 ◽  
Vol 15 (1) ◽  
pp. 62-81
Author(s):  
Sacchidananda Mukherjee ◽  
Shivani Badola
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Development ◽  
Public Investment ◽  
Public Financing ◽  
Economic Activities ◽  
Economic Opportunities ◽  
Goods And Services ◽  
Public Transfers ◽  
Distribution Of Resources

Role of public financing of human development (HD) is inevitable, especially for developing countries like India where access to resources and economic opportunities are not equitably distributed among people. Governments aim to achieve equity in distribution of resources through allocative and redistributive policies whereas macroeconomic stabilisation policies aim to achieve higher economic growth and stability in the price level. Expenditure policies of the governments envisage in delivering larger public goods and services to enable people to take part in economic activities by investing in human capital and infrastructure developments. Progressivity of the tax system helps in achieving equity by redistribution of resources among people. Being merit goods, expenditures on education, health, and poverty eradication make it a case for public investment which empowers people to improve human capital. The benefit of universal economic participation is expected to contribute in larger mobilisation of public resources over time. Lack of economic opportunities and earning a respectable income may increase dependence on public transfers which may reduce fiscal space of the governments to finance programmes to promote overall economic growth. The objective of this article is to review existing studies on public financing of HD in India and highlight emerging challenges.

HUMAN RESOURCES DEVELOPMENT OF REPUBLIC OF CROATIA AND PRIMORSKOGORANSKA COUNTY AND THEIR INFLUENCE ON ECONOMIC GROWTH∗

2009 ◽  
Vol 15 (1) ◽  
pp. 13-24
Author(s):  
Nada Karaman Aksentijevic ◽  
Zoran Jezic
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Resources ◽  
Gdp Per Capita ◽  
Human Resources Development ◽  
Regression Analyses ◽  
Theoretical Part ◽  
Educational Structures ◽  
Indirect Indicator ◽  
Per Capita

In the theoretical part of research authors will establish connections and diversities between human capital and human resources categories. In the empirical part of research, via HDI, it will be evaluated the development of human resources in Republic Of Croatia and in Primorsko-goranska County and in will be evaluated relation between HDI and GDP per capita of Croatia and in Primorsko-goranska County. Authors will also analyze how much development of human resources has contributed to the economic growth of Republic Of Croatia. In order to demonstrate this it will be measured influence of investment, employment and educational structures (the indirect indicator of development of human resources) on the growth of GDP in the period of 1997-2005 with usage of regression analyses.

Brazil and Russia: Different Trajectories of Development?

2012 ◽  
pp. 92-104
Author(s):  
G. Irishin
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Social Development ◽  
Brics Countries ◽  
Long Run ◽  
Main Emphasis ◽  
The World

This publication represents the materials of the regular academic seminar “The current problems of development” conducted by the Center of the problems of development and modernization within IMEMO. The attention of the key speakers and other seminar participants is focused on the comparison of the two BRICS countries – Brazil and Russia. The main emphasis is made on the analysis of the trends of social development. The point is that the quality of human capital determines the quality of economic growth, as well as the country's place in the world in the long run.

scholarly journals Can Human Development Bonds Reduce the Agency Costs of the Resource Curse?

2019 ◽  
Vol 12 (1) ◽  
pp. 191-245
Author(s):  
Luke Sperduto
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Development ◽  
Empirical Research ◽  
Resource Curse ◽  
Sovereign Bond ◽  
Weak Institutions ◽  
Potential Benefits ◽  
Rich Countries ◽  
Significant Support

Abstract Especially in resource rich countries with weak institutions of governance, the interests of governments often diverge from those of their citizens and creditors. Sovereign bond contracts can potentially help align these interests, to the benefit of all parties, by indexing payment obligations to improvements in the health and education of the issuer’s citizenry. To that end, this Article proposes a Human Development Bond (HDB) with a variable coupon schedule that both insures issuers against recessions and incentivizes them to encourage investment in human capital when economic growth is strong. The potential benefits of such an instrument can only be realized, however, with significant support from the international community. Moreover, further empirical research is needed to calibrate the HDB’s coupon schedule to provide well-timed and appropriately sized debt relief.

Beyond Malthusianism: Demography and Technology in John Stuart Mill's Stationary State

Utilitas ◽  
1991 ◽  
Vol 3 (1) ◽  
pp. 53-67 ◽  
Author(s):  
Robert Kurfirst
Keyword(s):  
Economic Growth ◽  
Social Reform ◽  
Social Progress ◽  
Population Increase ◽  
Reform Movements ◽  
Automatic Instrument ◽  
Moral Improvement ◽  
The Poor ◽  
Social Reform Movements ◽  
Per Capita

In his evaluation of the major social reform movements of his era, Mill chastised well-meaning reformers for their reluctance to elevate Malthusianism to a position of prominence in their efforts. He was convinced that the key to the material, mental, and moral improvement of the poor and the workers lay in a reduction of their physical numbers and in the behavioural modifications entailed by such a diminution, whereas most other reformers looked elsewhere for solutions. A favourite assumption about the proper means for effecting social reform was that economic growth served as an effective and almost automatic instrument for improving society. Then, as now, an unquestioned faith in the capacity of a progressive economy to stimulate gains in per capita income for the lower classes set the terms for the discussion.1 However, by suggesting that broader and more intensive economic development without a corresponding reduction in the rate of population increase would not generate material gains for those living in indigence, let alone the broader socio-cultural progress that was to have followed closely upon its heels, Mill casts aspersions upon the ‘false ideal’ of economic growth which informed many grand programmes for social progress.

scholarly journals Impact Of Innovative Environment On Economic Growth: An Examination Of State Per Capita GDP And Personal Income

2014 ◽  
Vol 12 (3) ◽  
pp. 257
Author(s):  
Oi Lin Cheung
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Personal Income ◽  
Economic Dynamics ◽  
Per Capita Gdp ◽  
Real Gdp ◽  
Innovative Environment ◽  
Per Capita ◽  
Capita Personal Income

<p>This study investigates how the overall innovative environment will affect the economic growth of a place, in particular, a state. Using the Innovation Index and its component indexes as a measure of the innovative environment prevailing in the states, it is found that the more innovative a state is, the higher its per capita real GDP and per capita personal income are. These relations are statistically significant. The higher per capita personal income is associated with both the availability of human capital for innovative activities and the presence of the economic dynamics that facilitate those activities. At the same time, the higher per capita real GDP has been brought about by the availability of such human capital only.</p>

scholarly journals Human Capital and Regional Economic Growth in Russia

2021 ◽  
Vol 17 (2) ◽  
pp. 57-80
Author(s):  
Boris Alekhin
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Panel Data ◽  
Capital Accumulation ◽  
Positive Impact ◽  
Regional Economic Growth ◽  
Human Capital Accumulation ◽  
Regional Economic ◽  
Long Run ◽  
Per Capita

This study examines the contribution of human capital accumulation to regional economic growth using panel data for 82 subjects of the Russian Federation over 2002–2019. This paper aims to test the hypothesis that in the long-run equilibrium there exists a connection between economic growth and human capital accumulation in the regions of Russia. From the point of view of econometrics, it would mean that we should refute the hypothesis that there is no cointegration of time series describing the aforementioned variables. General theoretical framework was drawn from the neoclassical growth theory, and panel data econometrics suggested the appropriate empirical methodology. Pooled mean group and fully modified least squares estimators were applied to an autoregressive distributed lags model based on the Solow model. The results indicate that accumulation of human capital has a positive and statistically significant long-term impact on the rate of growth of per capita income and that these variables are cointegrated. Such calculations allow us to make the following conclusions: per capita GRP is cointegrated with physical and human capital on the regional level. The cointegrating equation ‘explained’ more than 90% of per capita GRP variance. Human capital accumulation had a significant positive impact on per capita GRP growth in the long run; such impact exceeded the impact of physical capital accumulation. The positive impact of human capital accumulation on per capita GRP growth surpassed the negative elasticity of growth GRP by the amount of resource excluded from the real sector to provide support to students and maintain the regional education system. The paces at which regional economies were heading towards the steady state differed which is an evidence that there exist an incredible manifold of ways and means for regions to adjust to disbalancies

scholarly journals ANALISIS FAKTOR YANG MEMPENGARUHI HUMAN DEVELOPMENT INDEX (HDI) PADA 6 DAERAH TERTINGGAL DI PULAU JAWA TAHUN 2010-2016

2017 ◽  
Vol 15 (2) ◽  
pp. 113
Author(s):  
Yunita Firdha Kyswantoro
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Human Development ◽  
Human Development Index ◽  
Random Effect ◽  
Random Effect Model ◽  
Poor People ◽  
Development Index ◽  
Per Capita ◽  
Force Variable

Disadvantaged areas are districts whose areas and communities are less developed when compared to other regions on a national scale. Java Island as the contribution of the highest economic growth in Indonesia in fact accounted for 6 of 122 disadvantaged areas in Indonesia, namely Kab. Bondowoso, Kab. Situbondo, Kab. Bangkalan, Kab.Sampang, Kab. Pandeglang, Kab. Lebak. One of the criteria of disadvantaged areas is human resources, this can be measured through HDI (Human Development Index). The number of poor people, labor force and GRDP per capita are some factors that are considered to illustrate the influence of HDI in 6 disadvantaged areas. This research used Random Effect Model (REM) panel data regression in 6 disadvantaged areas in Java Island 2010 - 2016. The result of this research, labor force variable has no significant effect to Human Development Index (HDI). While the number of poor and PDRB perkapita have a significant effect on HDI in 6 disadvantaged areas in Java. It is therefore an effective way to accelerate the growth of economic growth in underdeveloped areas related to HDI through the decline of the number of poor people with the creation of labor-intensive jobs which in turn will increase the per capita GDP. Thus, increasing GRDP per capita will increase Human Development Index (HDI) where HDI is one indicator in economic growth of a region.

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