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Economic Performance and Human Development: A Critical Examination on SAARC Region

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  • Aravind M

Abstract

The impact of economic performance on human development has become a topic of debate in the recent times. For the past few years the member nations of SAARC region reported to have an unprecedented economic growth. But the human development in this region seems to be abysmal. This paper is aiming to assess the impact of economic performance of SAARC nations on its human development. The study extensively covers the macro economic data and the human development index (HDI) of the SAARC nations from 1990 to 2015. The Random effects (RE) model of panel regression analysis confirmed that GDP and GDP per capita can influence human development of these nations whereas the economic growth do not have any significant impact on human development at 1% and 5% levels of significance. The study is also intended to suggest numerous policy measures for enhancing the human development of this region.

Suggested Citation

  • Aravind M, 2019. "Economic Performance and Human Development: A Critical Examination on SAARC Region," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 22(71), pages 79-92, March.
    • Handle: RePEc:rej:journl:v:22:y:2019:i:71:p:79-92
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    More about this item

    Keywords

    SAARC; Economic Performance; HDI; FE Model; RE Model;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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