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The Asymmetric Impact of Growth Fluctuation on Human Development

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  • Serap Bedir

    (Erzurum Technical University, Turkey)

Abstract

In this paper, we re-examine the impact of economic growth fluctuation on human development indicators. Using the per capita growth rate and human development indicators for 131 countries between 1974 and 2007, we find that growth acceleration and deceleration have significant impact on the human development indicators. We also find that the effects are asymmetric. This asymmetric effect is valid both in terms of acceleration and deceleration periods and countries which are classified according to human development. Namely, the negative impact of economic deceleration on human development outcomes is greater than the positive impact of economic acceleration for all countries. The same is true for medium and low human development countries. The positive impact of economic acceleration and negative impact of economic deceleration are greater than the impacts on very high and high development countries. Therefore, economic growth must be provided, which will reach everyone and ensure everyone's utilization of economic opportunities in order to achieve the 2023 Millennium Goals.

Suggested Citation

  • Serap Bedir, 2015. "The Asymmetric Impact of Growth Fluctuation on Human Development," Eurasian Journal of Social Sciences, Eurasian Publications, vol. 3(2), pages 24-34.
    • Handle: RePEc:ejn:ejssjr:v:3:y:2015:i:2:p:24-34
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