The relationship between expenditure on education and economic growth and human development indices

2015 ◽  
Vol 7 (1) ◽  
pp. 368-373
Author(s):  
Ali Darvishan ◽  
Rezvan Hakimzadeh
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
The Relationship ◽  
Education And Economic Growth

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.

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.

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.

scholarly journals The Impact of Education on Economic Growth: The Case of India

2018 ◽  
Vol 66 (1) ◽  
pp. 253-262 ◽  
Author(s):  
Sylvie Kobzev Kotásková ◽  
Petr Procházka ◽  
Luboš Smutka ◽  
Mansoor Maitah ◽  
Elena Kuzmenko ◽  
...  
Keyword(s):  
Economic Growth ◽  
Strong Evidence ◽  
Compelling Evidence ◽  
The Past ◽  
The World ◽  
Education Levels ◽  
The Impact ◽  
The Relationship ◽  
Shed Light ◽  
Education And Economic Growth

There exists an enormous interest in clarification of the relationship between education and economic growth. Over the past 30 years, there have been conducted studies by economists about the connection between education and economic growth. There are actually many publications which provide strong evidence that suggests a correlation between the two. This paper attempts to build upon previous publications and to introduce a unique insight along with contemporary evidence about the relationship between education and economic growth in India from 1975 to 2016 by foc using on primary, secondary and tertiary levels of education. The relationships are examined by utilization of econometric estimations with the Granger Causality Method and the Cointegration Method. These methods are used to create models that could shed light on the claim that education plays a central and significant role in economic growth of India which could consequently be used as an example for similar countries in Asia or around the world. The findings of this work show that there is compelling evidence proving a positive connection between education levels and economic growth in India which might influence governmental actions and shape the future of India.

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